Cruise Operator Viking Sets Price Range for $1.1 Billion IPO
A Viking cruise ship docked at the harbour in Stockholm.
Source: BloombergThis article is for subscribers only.
Viking Holdings Ltd. and its existing shareholders are seeking to raise as much as $1.1 billion in a New York initial public offering, with the cruise operator looking to go public as the travel industry rebounds from its pandemic-era slump.
The company and the investors are offering 44 million shares between $21.00 and $25.00 per ordinary share. Viking is seeking to sell 11 million shares and the shareholders a further 33 million on a combined basis.