Viking expands planned IPO to $1.33bn

29th Apr 2024 13:47

(Sharecast News) - Travel company Viking Holdings announced plans on Monday to expand its initial public offering (IPO) in the United States, aiming to raise up to $1.33bn.

The increase would include an additional nine million shares, according to Reuters, bringing the total to 53 million, due to increased interest from selling shareholders.

Viking was targeting a valuation of around $10.8bn, with share prices set between $21 and $25.

The firm operates a fleet of 92 ships, offering a variety of voyages, including to remote locations like Antarctica and the Arctic.

Reuters said the shares would be traded on the New York Stock Exchange under the ticker 'VIK'.

Reporting by Josh White for Sharecast.com.