Queensland-based seafood firm Sam’s Seafood is looking unlikely to secure the A$8m through its forthcoming stock market float it had hoped to raise to fund expansion.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


While the final figures have yet to be calculated, the offer was not oversubscribed when it closed on 14 December.


Nick Noutsatos, CEO of Sam#;s, insisted however that the company hd done well considering the difficulties of launching in the current economic climate, and revealed that more than the A$3m had been raised. This figure is important because it is the minimum required to list on the Australian Stock Exchange.


Noutsatos added that the company will still be able to fund proposed expansion plans and pay for listing costs with the money that it now expects to raise.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now