Cruise Line Viking’s Shares Rise 9% After $1.5 Billion IPO
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Viking Holdings Ltd. shares climbed 8.8% in the luxury cruise operator’s first trading session after an expanded initial public offering that raised $1.54 billion, a sign that the US listing revival continues to broaden.
The travel firm’s stock closed at $26.10 each on Wednesday, above its $24 IPO price. The trading gives Viking, which is best known for its art- and history-rich river tours of Europe, a market value of $11.3 billion based on the outstanding shares listed in its filings.