Marine fuel company O.W. Bunker has priced its IPO at DKK145 ($26.71) per share and gone public on the NASDAQ OMX Copenhagen Stock Exchange, raising gross proceeds of DKK110 million ($20.3 million) and garnering a market valuation of DKK5.33 billion ($982 million). The set share price was at the high end of the company's initial proposed range of DKK120 ($22.10) to DKK150 ($27.63). Altor Equity Partners, which holds a 42.8% stake post-offering, sold 17.9 million shares, generating DKK2.6 billion ($478 million) at the official share price. Founded in 1980, O.W. Bunker operates in 29 countries, and has a global market share estimated at 7%. Its range of services includes sourcing fuel oil from refineries to storage and blending, to sales and physical distribution.