VLCC newcomer Hunter Group has banked NOK 520m ($65m) after selling out a share issue.
The Oslo-listed company, backed by investor Arne Fredly, said the private placement was "significantly" over-subscribed.
The price was NOK 3.20 each for 162.5m shares.
A repair offering will be carried out for existing shareholders who were not allocated stock.
Up to 16.25m new shares will be issued at the same price, for a potential total of $6.5m.
