Viking Holdings Ltd

Viking Holdings Ltd (VIK) priced its initial public offering on May 2, 2024 at $24.00 per share, within its $21.00–$25.00 range, raising $1.54B, and listed on NYSE. At the IPO price its market capitalization was about $7.29B. BofA Securities was lead-left underwriter, joined by J.P. Morgan, UBS and Wells Fargo and others. Conyers Dill & Pearman, Skadden, Arps and Ropes & Gray advised the company and Latham & Watkins advised the underwriters.

Viking Holdings Ltd operates experiential travel cruises under the single Viking brand, with a fleet of nearly 100 vessels sailing river routes, oceans and expedition itineraries across all seven continents. TPG is among its shareholders.

Status

IPO

Ticker

VIK

Exchange

NYSE

Priced

May 2, 2024

IPO price

$24.00

Price range

$21.00–$25.00

Raised

$1.54B

Market cap at IPO price

$7.29B

First filed

Apr 5, 2024

Underwriters

BofA Securities, J.P. Morgan, UBS, Wells Fargo, HSBC, Morgan Stanley, Stifel, Drexel Hamilton, Loop Capital and R. Seelaus

Company counsel

Conyers Dill & Pearman, Skadden, Arps and Ropes & Gray

Underwriters' counsel

Latham & Watkins

Sector

Transportation

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.