Is Viking Cruise Lines Publicly Traded?

Viking Holdings, the parent company of Viking cruise line, has filed for an initial public offering (IPO) on May 1, 2024. The company’s IPO coincides with a strong rebound in cruise bookings, as the cruise line operator increased the size of its deal by 20% to 64 shares. Viking, an operator of river and ocean cruises, is set to raise more than 1.54 billion in an initial public offering. Shares of Viking Holdings rose as much as 12% in intraday trading on Wednesday, following the Bermuda-based Viking joining its publicly traded peers Royal Caribbean Cruises Ltd., Carnival Corp., and Norwegian Cruise Line Holdings Ltd. Viking Holdings stock began publicly trading on May 1 after the cruise line held the second-largest U.S. IPO this year behind Amer Sports. Viking Holdings stock will start trading later Wednesday.

Viking Holdings has applied to list its ordinary shares on the New York Stock Exchange under the ticker symbol VIK. The proposed offering is subject to regulatory approval. Viking Cruises is now a public company, completing an initial public offering that exceeded expectations. The company generated 4.7 billion in revenue last year, and shares of Viking Holdings rose as much as 12% in intraday trading on Wednesday.

What is the stock price of Viking Cruises today?

The current price of VIK is 35.53 USD — it has increased by 0.51% in the past 24 hours. Watch Viking Holdings Ltd stock price performance more closely on the chart.

Viking Holdings Ltd. provides destination-focused itineraries for curious travelers. The firm’s journeys including a shore excursion in every port and an onboard and onshore enrichment program that provides deep immersion in the destination through performances of music and art, cooking demonstrations, informative port talks and carefully selected guest lecturers. It provides travel experiences through river vessels, ocean ships, expedition ships and time chartered river ship. The company was founded by Torstein Hagen in 1997 and is headquartered in Hamilton, Bermuda.

Stock price performance more closely on the chart.

Depending on the exchange, the stock ticker may vary. For instance, on.

Is Viking stock going public?

LOS ANGELES, May 3, 2024 /PRNewswire/ — Viking Holdings Ltd (“Viking”) today announced the closing of its initial public offering of an aggregate of 73,647,916 ordinary shares at a public offering price of $24.00 per share.

, /PRNewswire/ Viking Holdings Ltd (“Viking”) today announced the closing of its initial public offering of an aggregate of 73,647,916 ordinary shares at a public offering price of $24.00 per share. Viking offered 11,000,000 ordinary shares and the selling shareholders offered 62,647,916 ordinary shares, including the full exercise by the underwriters of their option to purchase up to 9,606,248 additional ordinary shares. Viking did not receive any proceeds from the sale of shares by the selling shareholders. The ordinary shares began trading on the New York Stock Exchange on May 1, 2024 under the symbol “VIK.”

BofA Securities and J.P. Morgan (listed in alphabetical order) acted as lead underwriters and representatives for the offering. UBS Investment Bank and Wells Fargo Securities also acted as lead book-running managers. HSBC and Morgan Stanley acted as bookrunners for the offering, and Rothschild & Co, Stifel, Drexel Hamilton, LLC, Loop Capital Markets LLC and R. Seelaus & Co., LLC acted as co-managers for the offering.

Registration statements relating to the offering were previously filed with the Securities and Exchange Commission and became effective on April 30, 2024. The offering was made only by means of a prospectus, copies of which may be obtained from: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: (emailprotected); and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: (emailprotected).

What is the stock symbol for Viking Cruise Line?

VIK1V Financials Viking Line ABP(VIK1V)

Is Viking cruises stock going public?

Viking, which is trading on the New York Stock Exchange under the ticker symbol VIK, ended trading on Thursday at $27 per share.

Viking chairman, CEO and founder Torstein Hagen said the company’s debut as a public company was a historic moment for Viking.

“Now, as one of the world’s leading travel companies, we are capitalizing on significant opportunities ahead to meet increasing demand for culturally enriching experiences and our guests’ desire to explore the world,” he said.

Is Viking cruise line going public?

Viking is now a public company, completing an initial public offering that exceeded expectations. The cruise company had projected that the IPO would be in the range of $21 to $25 per share, and Viking ended up at the high end of that range — $24 per share.

Viking is now a public company, completing an initial public offering that exceeded expectations.

The cruise company had projected that the IPO would be in the range of $21 to $25 per share, and Viking ended up at the high end of that range $24 per share.

Also, the number of shares in the offering was increased from the original 44 million. As expected, Viking sold 11 million shares, raising $264 million. Existing investors, however, sold approximately 53 million shares, 20 million more than anticipated.

How to purchase Viking stock?

How to buy VKTX stock on PublicSign up for a brokerage account on Public. It’s easy to get started.Add funds to your Public account. … Choose how much you’d like to invest in VKTX stock. … Manage your investments in one place.

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What is the stock price of Viking cruises today?

The current price of VIK is 35.53 USD — it has increased by 0.51% in the past 24 hours. Watch Viking Holdings Ltd stock price performance more closely on the chart.

Viking Holdings Ltd. provides destination-focused itineraries for curious travelers. The firm’s journeys including a shore excursion in every port and an onboard and onshore enrichment program that provides deep immersion in the destination through performances of music and art, cooking demonstrations, informative port talks and carefully selected guest lecturers. It provides travel experiences through river vessels, ocean ships, expedition ships and time chartered river ship. The company was founded by Torstein Hagen in 1997 and is headquartered in Hamilton, Bermuda.

Stock price performance more closely on the chart.

Depending on the exchange, the stock ticker may vary. For instance, on.

Is Viking cruise line financially stable?

Viking is on an expedition of its own now that its shares are traded. Last year, the cruise line hosted close to 650,000 guests and generated $4.7 billion in revenue, up by almost 50% from 2022. Its underlying profits were $1.1 billion for the same period, according to Viking’s prospectus.

The cruise company is still much smaller than rivals like Carnival, Royal Caribbean, and Norwegian. But it’s a global leader in some segments, such as luxury ocean cruises.

Following a strong open, Viking’s market valuation has reached more than $10 billion, putting Hagen’s wealth at $5 billion. As the appetite for luxury travel builds, Viking is ready to ride the wave.

Can you buy stock in Viking Cruises?

Los Angeles, CA (April 30, 2024) – Viking Holdings Ltd (“Viking”) today announced the pricing of its upsized initial public offering of an aggregate of 64,041,668 ordinary shares at a public offering price of $24.00 per share. Viking is offering 11,000,000 ordinary shares and the selling shareholders are offering 53,041,668 ordinary shares. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 9,606,248 ordinary shares to cover over-allotments at the initial public offering price, less underwriting discounts and commissions. Viking will not receive any proceeds from any sale of shares by the selling shareholders. The ordinary shares are expected to begin trading on the New York Stock Exchange on May 1, 2024 under the symbol “VIK” and the offering is expected to close on May 3, 2024, subject to customary closing conditions.

BofA Securities and J.P. Morgan (listed in alphabetical order) are acting as lead underwriters and representatives for the proposed offering. UBS Investment Bank and Wells Fargo Securities are also acting as lead book-running managers. HSBC and Morgan Stanley are acting as bookrunners for the proposed offering, and Rothschild & Co, Stifel, Drexel Hamilton, LLC, Loop Capital Markets LLC and R. Seelaus & Co., LLC are acting as co-managers for the proposed offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on April 30, 2024. The proposed offering will be made only by means of a prospectus, copies of which may be obtained, when available, from: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: [email protected]; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: [email protected].

Is Viking cruise in debt?

What about Viking Cruises’ financials?. As global travel continues to recover from the pandemic, revenue for Viking Cruises gained almost 50% to $4.7 billion last year. However it is quite highly leveraged, reporting $5.4 billion in total debt at the end of last year. With the company previously stating: “We have substantial indebtedness and we may not be able to generate sufficient cash to service all of our indebtedness or to obtain additional financing if necessary.”

Who are Viking’s competitors?. The main competition in the sector comes from Carnival Cruises NYSE:CCL and Royal Caribbean Group NYSE:RC although the major competitors have focused on sea cruises, where Viking Cruises currently only has 12 vessels. Viking Cruises is backed by major private equity groups and pension funds, such as the Canada Pension Plan Investment Board and UK based TPG Capital, with both set to own around 5% of the firm’s voting power after the IPO.

The IPO market continues to build and the year’s biggest IPO so far still belongs to the maker of Wilson tennis racquets, Amer Sport, which raised almost $1.4 billion back in February; however if Viking prices at the top of its range, it could come close to this with as much as $1.1 billion.

When did Viking cruises go public?

Viking, the luxury operator of ocean, river, and exploration cruises, roared onto Wall Street going public today, May 1, with what is being called the best deal of 2024. The company, which is a niche brand for aging baby boomers with lots of time and money to travel, became the third highest-valued cruise company with a market valuation of $10.4 billion in a heavily oversubscribed offering. By dollar amounts, it appears to be the second-largest initial offering of the year and comes after two years of largely no new deals.

The company filed for its offering in February in what analysts said was a well-time move to capture the strength of the stock market and the surging growth in the cruise business. The size of the deal was increased and priced today at $24 per share, at the high end of the projected $21 to $25 per share range.

The total offering raised about $1.5 billion after the number of shares was increased by two investment groups, TPG and Canada Pension Plan Investment Board, which had been long-term investors in Viking. They sold approximately 53 million shares and committed an additional nine million for the overallotment while Viking sold 11 million new shares raising $264 million for the company, while the investors realized nearly $1.3 billion.