Danish holding Schouw & Co. has filed a price range for the initial public offering of its aquaculture feed subsidiary BioMar, marking Copenhagen’s most sizable IPO since 2018. The offering sets the share price between 100 and 108 kroner, targeting proceeds of up to 2.72 billion kroner ($423 million). Analysts see the float as a barometer for investor appetite toward sustainable food production.

Investors will value BioMar at up to $1.7 billion, placing the firm as the global third‑largest producer of fish feed. Most of the capital raised will flow back to Schouw, bolstering its balance sheet and funding further expansion in a sector that benefits from rising demand for sustainably farmed seafood. This capital boost arrives as global fish demand rises.

By channeling fresh equity into a high‑growth niche, the IPO could widen the pool of capital available to European aquaculture players and set a pricing benchmark for future marine‑feed offerings. With valuation anchored at the top end of the range, the transaction will likely close at the higher price point, delivering a decisive cash infusion to Schouw’s portfolio and could inspire peers.