VIK News

Cruise operator Viking (VIK) led the week’s deals, completing the year’s largest US IPO to date. It was joined by a small uplisting and a blank check company. Viking Holdings priced an upsized deal above the midpoint to raise $1.5 billion at a $10.2 billion market cap. The company currently has a fleet of 92 vessels, and it plans to...read more

Eighteen IPOs raised a combined $5.3 billion in April, above the 10-year historical average by deal count and proceeds (16 IPOs, $3.7B). It was the busiest month for both overall new issuance and $100+ million IPOs since November 2021. Nine deals raised $100 million or more, led by the billion-dollar offering of cruise operator Viking (VIK). Large VC-backed tech...read more

Viking Holdings, a global luxury river and ocean cruise line, raised $1.5 billion by offering 64 million shares (83% secondary) at $24, above the midpoint of the range of $21 to $25. A new investor had indicated on $100 million worth of shares in the offering (7% of the deal). The company had originally planned to sell 44 million shares in its IPO (33mm from insiders), before...read more

Viking Holdings, a global luxury river and ocean cruise line, raised the proposed deal size for its upcoming IPO on Monday. The Pembroke, Bermuda-based company now plans to raise $1.2 billion by offering 53 million shares (79% secondary) at a price range of $21 to $25. The company had previously filed to offer 44 million shares (75% secondary) at the same range. All of the...read more