How Viking's post-IPO ownership shakes out

It was the most biggest US IPO in 2024 to date (May 1), according to Barron's.

Hagens hold 53.4% economic stake

The Hagens — Viking, founder, Chairman and CEO Torstein and daughter Karine, EVP — have a 53.4% economic stake and control 87% of the voting rights. This is on a fully diluted basis, with all outstanding warrants, RSUs and options (assuming options are cash settled).

As Torstein Hagen told CNBC when VIK began trading on the New York Stock Exchange: 'I personally have over half the shares in the company, and I'm not selling one share.'

CPP and TPG 27.2%

Canadian Pension Plan Investments and TPG Capital each have a 13.6% economic stake and 3.8% of the voting rights.

This leaves other investors holding a 19.4% economic stake and 5.4% voting stake.

After $24 debut, VIK has traded as high as $32.63

The offering of 73,647,916 shares, priced at $24, closed May 3, with Viking offering 11m shares and selling shareholders CPP and TPG  62,647,916 shares including the underwriters' full exercise of their option to purchase up to 9,606,248 additional shares.

VIK closed at $31.50 Monday. Shares have traded as high as $32.63 since the listing.

See also 'Viking goes public' feature in the June issue of Seatrade Cruise Review, available for download