Blue Lagoon would rank ninth by market value
Tuesday 10th November 2026 on 13:16 in
Iceland
Blue Lagoon would have a market value of about ISK 123.1 billion after acquiring Arctic Adventures, making it Iceland’s ninth most valuable listed company, mbl.is reports.
The company’s share offering opened today, with a minimum price of ISK 95 per share. A total of 150 million new shares are being offered. Blue Lagoon will also issue shares to Arctic Adventures’ current shareholders as part of the acquisition, as well as 25 million shares in connection with further purchases of stakes in associate companies.
The combined company will have 1.296 billion shares. The 150 million shares offered to investors represent 11.57% of the combined company.
JBT Marel is Iceland’s largest listed company, with a market value of about ISK 810 billion based on its share price late this morning. Arion Bank and Íslandsbanki are next, each valued at just over ISK 230 billion. Síldarvinnslan’s market value rose 7.83% today to ISK 229 billion.
Alvotech is valued at ISK 198 billion and Brim at ISK 179 billion. Ísfélagið reached ISK 130 billion after rising 6.71%, while Hagar is valued at ISK 129 billion. Festi is worth ISK 94 billion and Amaroq ISK 79 billion.