Selloff or Market Correction? Either Way, Here's What to Do Next!See Overvalued Stocks

Viking Cruises is said to weigh U.S. IPO of $500 million or more – Bloomberg

Published 15/02/2024, 19:44
© Reuters.

According to a report by Bloomberg Thursday, Viking Cruises is working on a U.S. initial public offering to raise $500 million or more. Persons familiar with the matter told Bloomberg the IPO may happen as soon as the second quarter, though the details regarding the timing and size may change.

Bank of America, JPMorgan, UBS, and Wells Fargo are reportedly working with Viking Cruises on the listing.

Viking currently has around $4.7 billion in debt, said Bloomberg. The travel company is backed by private equity firm TPG and the Canada Pension Plan Investment Board.

Headquartered in Switzerland, Viking Cruises was founded in 1997 and expanded to the American Market in 2000. The company operates a fleet of over 90 vehicles and offers river, ocean and expedition voyages across the world.

Latest comments

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. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.