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Viking market cap above $10 billion by end of 2024?
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Viking Prices IPO at $24, Raises $1.54 Billion in Year's Largest U.S. Offering
May 1, 2024, 12:15 AM
Viking Holdings, a luxury cruise operator, has successfully priced its initial public offering (IPO) at $24 per share, reaching the top end of its marketed range and raising $1.54 billion. The IPO, which is the largest in the U.S. this year, involves the sale of shares by the company and its investors. Initially, Viking sought to raise about $1.2 billion but subsequently upsized the offering to $1.54 billion due to increased demand, marking a significant expansion in the number of shares sold by existing stockholders. The IPO values Viking at approximately $10.36 billion and is set to start trading on Wednesday.
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