Advanced Innergy Holdings (AIS) listed on the Australian Securities Exchange

AIS, owner of Norwegian company Ovun AS, begins trading on the Australian Securities Exchange (ASX) following a successful IPO.

Advanced Innergy Holdings Ltd, trading as AIS, has officially commenced trading on the Australian Securities Exchange (ASX) under the ticker AIH. The company raised A$150 million at an offer price of A$1.00 per share, resulting in a market capitalization of A$422 million.

AIS, the owner of Ovun AS in Norway, is a global leader in advanced material science serving the energy, industrial, automotive, and marine sectors. The company’s products include subsea insulation and buoyancy systems, fire and battery protection, and other key technologies that support the global energy transition.

AIS operates 20 manufacturing and service facilities across 13 countries, supplying major international energy and industrial projects.

CEO Andrew Bennion says:

“Our IPO marks an important milestone for AIS. Over decades, we have built a strong foundation in advanced materials that positions us to grow globally in both renewable and traditional energy markets. The listing provides us with the flexibility to pursue acquisitions and accelerate our growth strategy.”

AIS confirms it is on track to meet or exceed its FY25 financial targets and reconfirms FY26 forecasts of A$387.9 million in revenue and A$62.3 million in EBITDA.

With a project pipeline of A$3.6 billion and an order book of A$220 million, AIS is well positioned for continued growth. The company also sees significant new opportunities in the Asia-Pacific region and plans to maintain strong engagement with its Australian investor base.