Viking Holdings Ltd. (Viking), renowned for its curated journeys across rivers, oceans, and lakes worldwide, has announced the pricing details for its expanded initial public offering (IPO). The IPO will consist of a total of 64,041,668 ordinary shares offered at $24.00 per share. Viking itself will offer 11,000,000 ordinary shares, while selling shareholders will offer 53,041,668 ordinary shares. Additionally, 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. It is important to note that Viking will not receive any proceeds from the sale of shares by the selling shareholders. The ordinary shares are anticipated to commence trading on the New York Stock Exchange on May 1, 2024, under the symbol “VIK.” The offering is expected to close on May 3, 2024, subject to customary closing conditions. A consortium of leading financial institutions is supporting Viking’s IPO. 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. This team of experienced professionals will collaborate to ensure a successful launch of Viking’s public market debut.
Established in 1997, Viking has established itself as a premier destination-focused travel provider, renowned for its commitment to enriching journeys and meaningful exploration. Viking’s distinctive approach caters to intellectually curious travelers with diverse passions, ranging from science and history to culture and cuisine. Through meticulously curated itineraries, Viking crafts experiences tailored to “The Thinking PersonTM.” This unique approach has solidified Viking’s position as a leader in the travel industry, recognized for its unwavering commitment to providing immersive and enriching travel experiences.
