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Viking IPO closes with full exercise of option to buy more shares

Viking Holdings closed its initial public offering of 73,647,916 shares at a price of $24/share.

This included the full exercise by the underwriters of their option to purchase up to 9,606,248 additional shares.

In addition, Viking offered 11m shares and selling shareholders Canada Pension Plan Investment Board and TPG 62,647,916 shares.

BofA Securities and JP Morgan were the lead underwriters with UBS Investment Bank and Wells Fargo Securities the lead book-running managers. HSBC and Morgan Stanley the bookrunners, and Rothschild & Co, Stifel, Drexel Hamilton, Loop Capital Markets and R. Seelaus & Co. the co-managers.

VIK opened at $27.75 on Friday and was up more than 5% at midday in New York.

TAGS: Viking