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Royal Caribbean prices shares at $91 in $1.5bn underwritten stock offering
Royal Caribbean Group priced shares at $91 in its underwritten public offering of 16,938,148 shares of common stock.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
March 1, 2021
1 Min Read
Credit: Seatrade Cruise News
The net proceeds will be used for general corporate purposes.
Morgan Stanley and BofA Securities are acting as joint book-running managers and underwriter.
The offering is expected to close March 3.
RCL opened at $92.78 on Monday and fell 1% in morning trading.
Perella Weinberg Partners is serving as independent financial advisor to the Royal Caribbean Group.
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