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Prestige Cruises International withdraws plan for IPO
Following last week’s surprise leadership change at Norwegian Cruise Line Holdings, Prestige Cruises International has withdrawn long held plans for an initial public offering.
Prestige, which operates under the Oceania and Regent Seven Seas luxury cruise brands originally filed for an IPO last January before NCLH declared an interest in acquiring Prestige.
That transaction was finally completed in November in a $3 billion deal.
Prestige had aimed to raise about $250 million from the public offering.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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