Viking seeks to raise up to $1.1b in IPO

Viking is offering 11m shares and its existing shareholders, Canada Pension Plan Investment Board and TPG, the rest. 

The selling shareholders also granted the underwriters a 30-day option to purchase up to an additional 6.6m shares to cover overallotments.

Cornerstone investor

Norges Bank Investment Management, a division of Norges Bank, has indicated an interest in buying up to $100m shares, according to Viking's F-1 filing.

The cruise operator applied to list its shares on the New York Stock Exchange under the symbol VIK.

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