Viking Announces Closing of Initial Public Offering and Full Exercise of Underwriters'; Option to Purchase Additional Shares

Rhea-AI Summary

Viking Holdings announced the closing of its initial public offering of 73,647,916 ordinary shares at a public offering price of $24.00 per share. The company did not receive proceeds from the sale of shares by the selling shareholders. The ordinary shares started trading on the New York Stock Exchange under the symbol 'VIK'. BofA Securities and J.P. Morgan acted as lead underwriters for the offering.

LOS ANGELES, May 3, 2024 /PRNewswire/ -- Viking Holdings Ltd ("Viking") today announced the closing of its initial public offering of an aggregate of 73,647,916 ordinary shares at a public offering price of $24.00 per share. Viking offered 11,000,000 ordinary shares and the selling shareholders offered 62,647,916 ordinary shares, including the full exercise by the underwriters of their option to purchase up to 9,606,248 additional ordinary shares. Viking did not receive any proceeds from the sale of shares by the selling shareholders. The ordinary shares began trading on the New York Stock Exchange on May 1, 2024 under the symbol "VIK."

BofA Securities and J.P. Morgan (listed in alphabetical order) acted as lead underwriters and representatives for the offering. UBS Investment Bank and Wells Fargo Securities also acted as lead book-running managers. HSBC and Morgan Stanley acted as bookrunners for the offering, and Rothschild & Co, Stifel, Drexel Hamilton, LLC, Loop Capital Markets LLC and R. Seelaus & Co., LLC acted as co-managers for the offering.

Registration statements relating to the offering were previously filed with the Securities and Exchange Commission and became effective on April 30, 2024. The offering was made only by means of a prospectus, copies of which may be obtained from: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, telephone: 1-800-294-1322, or email: dg.prospectus_requests@bofa.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or email: prospectus-eq_fi@jpmorgan.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Viking

Viking was founded in 1997 and provides destination-focused journeys on rivers, oceans and lakes around the world. Designed for curious travelers with interests in science, history, culture and cuisine, Viking offers experiences for The Thinking Person™.

Contact

Public Relations

Email: vikingpr@edelman.com

Investor Relations

Email: investorrelations@viking.com

 

View original content:https://www.prnewswire.com/news-releases/viking-announces-closing-of-initial-public-offering-and-full-exercise-of-underwriters-option-to-purchase-additional-shares-302135693.html

SOURCE Viking

FAQ

How many ordinary shares were sold in Viking's initial public offering?

Viking sold 73,647,916 ordinary shares in its initial public offering.

At what price were the ordinary shares offered in Viking's initial public offering?

The ordinary shares were offered at a price of $24.00 per share.

When did Viking's ordinary shares start trading on the New York Stock Exchange?

Viking's ordinary shares started trading on the New York Stock Exchange on May 1, 2024 under the symbol 'VIK'.

Who were the lead underwriters for Viking's offering?

BofA Securities and J.P. Morgan acted as lead underwriters for Viking's offering.

Where can copies of the prospectus for Viking's offering be obtained?

Copies of the prospectus for Viking's offering can be obtained from BofA Securities and J.P. Morgan Securities