by Sarah Kuta
Last updated: 11:15 AM ET, Mon April 22, 2024
Viking has unveiled more details about its initial public offering.
The cruise line’s parent company, Viking Holdings Ltd, will offer up 44 million ordinary shares—made up of 33 million ordinary shares from the selling shareholders and 11 million additional ordinary shares. The selling shareholders have also granted the underwriters a 30-day option to buy up to 6.6 million additional ordinary shares to cover over-allotments.
The price per share is expected to be between $21 and $25.
Viking has applied to list its shares on the New York Stock Exchange with the ticker symbol “VIK.”
BofA Securities and J.P. Morgan are the lead underwriters of Viking’s IPO, while UBS Investment Bank and Wells Fargo Securities are the lead book-running managers. HSBC and Morgan Stanley are also bookrunners, and Rothschild & Co, Stifel, Drexel Hamilton, LLC, Loop Capital Markets LLC and R. Seelaus & Co., LLC are co-managers.
The cruise line offers river, ocean and expedition voyages around the world.
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