The Board of Directors of Blue Lagoon have decided to start a formal preparation to list the company on the Nasdaq Iceland main market and has appointed Fossar Investment Bank and Landsbanki Corporate Finance as its exclusive advisors to manage the process.
The company aims to go public next year although final timing will depend on the progress of preparatory work and market conditions.
Home to one of 25 wonders of the world, Blue Lagoon is a leading company in the Icelandic tourism industry with an internationally recognized lagoon and brand, award winning luxury resort, spas and restaurants. The Company has also been expanding its skin care portfolio harnessing the healing and rejuvenating powers of geothermal seawater and its bioactive ingredients with great success.
The Blue Lagoon was founded in 1992 and currently employs around 700 people.