Scatec Solar said today that it intends to sell "no more than 10 million existing shares, targeting a total of NKr500m in IPO funds once trading begins".
It said shares at the new price are oversubscribed.
The reduction lowers the company's expected valuation from NKr1.89bn-2.43bn to NKr 1.28bn-1.42bn.
The company also extended the bookbuilding and application period for the IPO, with the first day of listing on the Oslo Stock Exchange now expected to be around 2 October.
Scatec,
