Constellation Oil Services Holding S.A., a prominent offshore drilling company based in Brazil, has recently made its debut on Euronext Growth Oslo, marking the eighth listing on Euronext this year and the first on Euronext Oslo Børs. With a market capitalization of approximately NOK 8.1 billion, Constellation’s entrance into Euronext reinforces the platform’s status as a premier destination for international listings.

The company, known by the ticker symbol COSH, boasts a fleet of seven offshore rigs, including six ultra-deepwater rigs, positioning it as a key player in the Brazilian offshore drilling market where it commands a substantial 22% share. Constellation’s strategic recapitalization in December 2024 paved the way for its listing without the need for additional capital raising. The reference price was set at NOK 5.34 before trading commenced.

CEO Rodrigo Ribeiro expressed pride in Constellation’s listing on Euronext Growth Oslo, emphasizing the significance of this milestone in showcasing investor confidence in the company’s operational efficiency, business model, and cash generation capabilities. With a robust backlog of around $2.1 billion USD, Constellation is poised for sustained financial predictability and growth opportunities in the industry.

The ceremony to mark Constellation Oil Services Holding S.A.’s first trading day on Euronext Growth Oslo was graced by Rodrigo Ribeiro, who rang the bell alongside Øivind Amundsen, CEO of Euronext Oslo Børs. Constellation, with its 45-year track record, holds a substantial market share in Brazil, solidifying its position as the largest ultra-deepwater driller in the country.

Founded in Luxembourg, Constellation Oil Services Holding S.A. has established itself as a leading offshore drilling contractor, with a strong focus on the Brazilian market. The company’s extensive experience and market presence underscore its significance in the industry, making its listing on Euronext Growth Oslo a noteworthy event that reflects its standing and growth prospects.

Euronext, as a premier European capital market infrastructure, offers a comprehensive suite of services covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody. With a vast array of products such as equities, ETFs, bonds, derivatives, commodities, and indices, Euronext caters to a diverse clientele base, handling a significant portion of European equity trading.

In conclusion, Constellation Oil Services Holding S.A.’s listing on Euronext Growth Oslo not only highlights the company’s achievements and market position but also underscores Euronext’s pivotal role as a leading platform for international listings, fostering growth and investment opportunities in the European capital market landscape.