Viking plans US IPO

Tuesday, 08 Apr, 2024 0

Viking Cruises parent company confirmed it has filed to go public in the US.

Viking Holdings filed its IPO papers with the SEC for an initial $100 million capital raise, however analysts suggest this is a placeholder amount.

Barron’s estimates it could raise up to $500 million.

Viking’s IPO could value the business at over $10 billion.

“The number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined,” the filing said.

It has a fleet of 92 small river and ocean ships, and 24 more due for delivery through 2028.

It plans to list on the NYSE under the VIK ticker.

It will disclose the size and price of the share at a later date.

The company reported $4.7 billion in revenue for 2023.

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

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