Viking Cruises parent reveals US IPO price

Tuesday, 22 Apr, 2024 0

Viking Holdings Ltd, parent of the ocean and river cruise line, has revealed its US initial public offering terms.

The company will offer a total of 44 million shares in the IPO, including existing selling shareholders, valuing the cruise operator at up to $10.8 billion.

It expects a price of between $21 and $25 a share, potentially bringing in a total of around $1 billion.

The company itself would generate about $275 million with the rest going to selling shareholders.

The stock will list on the New York Stock Exchange under the ticker ‘VIK.’

Viking will join Royal Caribbean Group, Carnival Corp. and Norwegian Cruise Line Holdings Ltd. On the NYSE.

Viking reported a net loss of $1.86 billion for the last financial year on total revenue of $4.71 billion.

Founder and CEO Torstein Hagen will retain a controlling stake in the company of 52.5%.

“The principal purposes of this offering are to increase our capitalization and financial flexibility,” Viking Holdings said.

Learn more about : Viking River Cruises ( N. America )

below social share icons

TravelMole Editorial Team

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.

The Polish Tourism Organisation (Polska Organizacja Turystyczna – POT) is one of several dozen national tourism organisations operating in the...

Cunard is the operator of luxury cruise ships Queen Mary 2®, Queen Victoria® and Queen Elizabeth®. Renowned for impeccable White...

Hilton is a leading global hospitality company with a portfolio of 22 world-class brands comprising nearly 7,300 properties and more than 1.1 million rooms, in...

River cruising is a treat for the senses, allowing you to see, touch, feel and experience the world like never...

In 2019, Buffalo Tours and Olympus Tours joined the Flight Centre Travel Group (FCTG) family and formed Discova. With the...

Why choose Titan Travel? There are some great travel companies out there – so why Titan? Well, we’re one of...

Air Transat is Canada’s number one leisure airline. It flies to some 60 international destinations in more than 25 countries...

It’s easy to find perfection in Santa Barbara, but what if there was even more of your favorite finds, activities,...

We are a small-group adventure travel operator offering more than 750 tours in 100 countries, on all seven continents. Our...

We’re here to provide the very best experience in train travel. From booking your ticket, to asking us a question...

Atout France guides and supports the French regions with their development strategy and helps set up investment projects in order...

City Cruises is a leading operator of sightseeing, dining and charter services operating in London, York and Poole. We offer...

Consisting of the three Maritime provinces of New Brunswick, Nova Scotia, and Prince Edward Island as well as Newfoundland and...

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

With long periods of Thailand’s History, according to evidences and studies, Sukhothai was the first kingdom of Thailand. At that time, an early Thai...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could...

From the beginning, ATI’s philosophy has been “innovation, not duplication.“ Developing specialized technology solutions to connect over 30,000 accommodation, attracti...