Viking to Post Results as Travel Fatigue Imperils Rally From IPO
- Luxury river cruise operator relies on affluent customer base
- Analysts want to see whether future demand supports valuation
Pedestrians watch as the Viking Sea passes along the River Thames in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
When Viking Holdings Ltd. reports quarterly results on Thursday, the cruise line operator is likely to discover whether its hot start in the stock market can withstand cooling demand in the travel industry.
The company’s shares have rallied 50% since Viking went public in early May, having raised $1.8 billion after increasing the size of its sale several times to feed investor demand. The performance is the best among a handful of US initial public offerings that generated more than $1 billion this year, data compiled by Bloomberg show.