By Dominic Chopping

Norwegian robotic and software technology company AutoStore Holdings Ltd. announced on Friday the price range of its shares ahead of its listing on Oslo Bors, implying a market valuation of the company of between 90 billion and 103 billion Norwegian kroner ($10.5 billion-$12 billion).

AutoStore, which operates in the warehouse-automation industry and has 20,000 robots installed in more than 35 countries, counts Thomas H. Lee Partners LP, SoftBank Group Corp. and EQT AB among its current owners.

The company aims to raise gross proceeds of around NOK2.7 billion by selling up to 100 million new shares at between NOK27 and NOK31 each, while existing shareholders will offer existing shares worth NOK10.8 billion-NOK12.8 billion.

As cornerstone investors, Alecta Pensionsforsakring, FIL Investments International, Mawer Investment Management Ltd. and WCM Investment Management LLC have all committed to acquire $200 million in the offering.

Autostore shares are expected to begin conditional trading on the Oslo Stock Exchange on or about October 20, with unconditional trading expected to commence on or about October 22.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

October 08, 2021 04:06 ET (08:06 GMT)