Cruise operator Viking prices IPO within range to raise $1.54 billion
-Cruise operator Viking Holdings on Tuesday priced its initial public offering within its targeted range at $24 per share, confirming a Reuters report on the matter.The IPO raised $1.54 billion based on 64.04 million shares sold by the company and its existing investors. It infers a valuation of $10.35 billion on Viking, making it the biggest U.S. stock market debut of 2024.Viking's IPO comes as the U.S.
Viking, founded in 1997, started out with four river vessels and now owns a fleet of 92, allowing customers to book voyages to destinations including Antarctica and the Arctic. Viking generated revenue of $4.7 billion in 2023 and currently has more than 10,000 employees in over 90 countries. Shares of the company will start trading on the New York Stock Exchange on Wednesday under the symbol "VIK".Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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