Viking Holdings Ltd Upsizes IPO, Offering Over 64 Million Shares to Public Investors

Wednesday, May 1, 2024

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Viking Holdings Ltd (“Viking”) unveiled today the pricing details of its expanded initial public offering, comprising a total of 64,041,668 ordinary shares at a public offering price set at $24.00 per share. Within this offering, Viking itself is presenting 11,000,000 ordinary shares, while the selling shareholders are offering 53,041,668 ordinary shares. Moreover, the selling shareholders have extended a 30-day option to the underwriters to acquire up to an additional 9,606,248 ordinary shares to manage potential over-allotments at the initial public offering price, net of underwriting discounts and commissions. Notably, Viking will not be benefiting from any proceeds generated from the sale of shares by the selling shareholders. The commencement of trading of the ordinary shares is anticipated to kick off on the New York Stock Exchange on May 1, 2024, designated under the symbol “VIK,” with the offering slated to conclude on May 3, 2024, subject to customary closure prerequisites.

Taking the lead in this proposed offering are BofA Securities and J.P. Morgan, acting as primary underwriters and representatives. Joining them as lead book-running managers are UBS Investment Bank and Wells Fargo Securities. In support, 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 stepping in as co-managers for the offering. This collective expertise aims to orchestrate a seamless launch into the public market for Viking.

Established in 1997, Viking specializes in providing meticulously curated journeys, spanning rivers, oceans, and lakes across the globe. Tailored for the intellectually curious traveler, with passions ranging from science and history to culture and cuisine, Viking crafts experiences tailored for The Thinking Person™. This distinctive approach has solidified Viking’s position as a premier destination-focused travel provider, renowned for its commitment to enriching journeys and meaningful exploration.

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