Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Norwegian Cruise Investors to Sell $600 Million of Shares

Norwegian Cruise Line Holdings Ltd.’s three largest investors filed to sell about $600 million of their stakes after a run-up in the share price since January’s initial public offering.

Affiliates of Genting Hong Kong Ltd., Apollo Global Management LLC and TPG Capital will sell 20 million shares, according to a regulatory filing yesterday. The three will own 77 percent of Miami-based Norwegian Cruise Line after the sale.

Norwegian Cruise Line, the third-largest U.S. cruise operator after Carnival Corp. and Royal Caribbean Cruises Ltd., has advanced 57 percent since the sale of 27.1 million shares at $19 each in the IPO, giving it a market value of $6.07 billion, according to data compiled by Bloomberg. The stock fell 1.7 percent to $29.76 at the close in New York yesterday.

New York-based Apollo and Fort Worth, Texas-based TPG together paid $1 billion for half of Norwegian’s equity in January 2008, data compiled by Bloomberg show. Genting owned the line before the investment by the private-equity firms.

Norwegian Cruise Line won’t receive any of the proceeds. Underwriters including UBS Investment Bank and Barclays have an option to purchase as many as 3 million additional shares from the sellers, according to the filing.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.