Norwegian Cruise Line Raises $477.6 Million with Public Offering
By Theresa Norton Masek
January 24, 2013 10:01 PM
Norwegian Cruise Line Holdings Ltd. made about $477.6 million from its initial public offering after expenses. The company on Jan. 24 announced the closing of its initial public offering of 27million ordinary shares at a price of $19 per share. The number of shares sold includes 3.5 million shares sold as a result of the full exercise by the underwriters of their option to purchase additional shares.
The stock, which trades under the symbol NCLH on NASDAQ, closed Jan. 24 at $27.35. Norwegian previously said it plans to use the proceeds from the IPO to pay down debts.