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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.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

May 3, 2024

1 Min Read
Credit: Seatrade Cruise News

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.

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About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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