Go Digit General Insurance is preparing to launch its initial public offering (IPO) next week, potentially on May 15, as reported by ET Now. The price band for the issue will be announced on May 10, and the anchor book is expected to open on May 14. The company aims to raise ₹1,500 crore through the IPO, including a fresh share sale of ₹1,250 crore and an offer-for-sale (OFS) of up to ₹250 crore by its promoters and existing shareholders.
Viking Holdings Ltd. (Viking) has disclosed the pricing details for its expanded initial public offering (IPO), which will encompass a total of 64,041,668 ordinary shares offered at $24.00 per share. Viking will offer 11,000,000 ordinary shares, while selling shareholders will offer 53,041,668 ordinary shares. The selling shareholders have granted a 30-day option to the underwriters to acquire up to 9,606,248 additional ordinary shares for potential over-allotments. Viking will not receive any proceeds from the sale of shares by the selling shareholders. The ordinary shares are expected to commence trading on the New York Stock Exchange on May 1, 2024, under the symbol “VIK.” The offering is anticipated to close on May 3, 2024, subject to customary conditions. BofA Securities and J.P. Morgan are acting as joint lead underwriters, with UBS Investment Bank and Wells Fargo Securities serving as lead book-running managers. HSBC and Morgan Stanley are participating as bookrunners, while Rothschild & Co, Stifel, Drexel Hamilton, LLC, Loop Capital Markets LLC, and R. Seelaus & Co., LLC are acting as co-managers.
