Viking Announces Launch of Secondary Public Offering
Viking Holdings (NYSE: VIK) has announced the launch of a secondary public offering of 30,000,000 ordinary shares by certain selling shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 4,500,000 shares. Viking itself is not offering any shares and will not receive proceeds from the offering.
BofA Securities and J.P. Morgan are acting as lead underwriters and representatives, with UBS Investment Bank and Wells Fargo Securities as lead book-running managers. The offering will be made through a prospectus, with a registration statement filed with the SEC. This announcement does not constitute an offer to sell or solicitation of an offer to buy these securities.
Viking Holdings (NYSE: VIK) ha annunciato il lancio di un offerta pubblica secondaria di 30.000.000 azioni ordinarie da parte di alcuni azionisti venditori. È stata concessa agli underwriters un'opzione di 30 giorni per acquistare fino a ulteriori 4.500.000 azioni. Viking stessa non sta offrendo alcuna azione e non riceverà proventi dall'offerta.
BofA Securities e J.P. Morgan agiscono come lead underwriters e rappresentanti, con UBS Investment Bank e Wells Fargo Securities come lead book-running managers. L'offerta sarà effettuata tramite un prospetto, con una dichiarazione di registrazione depositata presso la SEC. Questo annuncio non costituisce un'offerta di vendita né una sollecitazione di un'offerta per acquistare questi titoli.
Viking Holdings (NYSE: VIK) ha anunciado el lanzamiento de una oferta pública secundaria de 30,000,000 acciones ordinarias por parte de ciertos accionistas vendedores. A los suscriptores se les ha concedido una opción de 30 días para comprar hasta 4,500,000 acciones adicionales. Viking no está ofreciendo ninguna acción y no recibirá ingresos de la oferta.
BofA Securities y J.P. Morgan actúan como suscriptores y representantes principales, con UBS Investment Bank y Wells Fargo Securities como líderes en la gestión de libros. La oferta se realizará a través de un prospecto, con una declaración de registro presentada ante la SEC. Este anuncio no constituye una oferta de venta ni una solicitud de una oferta para comprar estos valores.
바이킹 홀딩스(Viking Holdings)(NYSE: VIK)는 특정 판매 주주들에 의해 30,000,000주 보통주에 대한 2차 공모 출시를 발표했습니다. 인수인들은 추가로 4,500,000주를 구매할 수 있는 30일 옵션을 부여받았습니다. 바이킹 자체는 어떤 주식도 제공하지 않으며, 이 공모로부터 수익을 받지 않습니다.
BofA 증권과 JP모건이 주관 인수인과 대표로 활동하며, UBS 투자은행과 웰스 파고 증권이 주도 북잡 관리자입니다. 이 공모는 유가증권 위원회(SEC)에 제출된 등록명세서와 함께 예정된 안내서를 통해 이루어질 것입니다. 이 발표는 이러한 증권의 판매 제안이나 구매 제안의 요청을 구성하지 않습니다.
Viking Holdings (NYSE: VIK) a annoncé le lancement d'une offre publique secondaire de 30 000 000 d'actions ordinaires par certains actionnaires vendeurs. Les souscripteurs se sont vus accorder une option de 30 jours pour acheter jusqu'à 4 500 000 actions supplémentaires. Viking elle-même n'offre aucune action et ne recevra pas de produits de l'offre.
BofA Securities et J.P. Morgan agissent en tant que souscripteurs principaux et représentants, avec UBS Investment Bank et Wells Fargo Securities en tant que gestionnaires principaux de livre. L'offre sera faite par le biais d'un prospectus, avec un état d'enregistrement déposé auprès de la SEC. Cet avis ne constitue pas une offre de vente ni une sollicitation d'une offre d'achat de ces titres.
Viking Holdings (NYSE: VIK) hat die Durchführung eines sekundären öffentlichen Angebots von 30.000.000 Stammaktien durch bestimmte verkaufende Aktionäre angekündigt. Den Underwritern wurde eine 30-tägige Option zum Erwerb von bis zu weiteren 4.500.000 Aktien gewährt. Viking selbst bietet keine Aktien an und erhält keine Einnahmen aus dem Angebot.
BofA Securities und J.P. Morgan fungieren als leitende Underwriter und Vertreter, während UBS Investment Bank und Wells Fargo Securities als führende Buchmanager tätig sind. Das Angebot wird über einen Prospekt durchgeführt, wobei eine Registrierungsanmeldung bei der SEC eingereicht wurde. Diese Ankündigung stellt kein Verkaufsangebot dar und ist auch keine Aufforderung zum Erwerb dieser Wertpapiere.
- Large offering size of 30,000,000 shares indicates strong market interest
- Reputable underwriters involved, including BofA Securities and J.P. Morgan
- 30-day option for additional 4,500,000 shares provides flexibility
- Potential dilution of existing shareholders' ownership
- Company not receiving proceeds from the offering
- Possible downward pressure on stock price due to increased supply of shares
Insights
This secondary offering of 30 million shares by existing shareholders is a significant event for Viking. It suggests that major investors are looking to cash out, which could be interpreted as a lack of confidence in future growth. However, it's important to note that Viking itself isn't issuing new shares, meaning no dilution for current shareholders.
The offering's size and the involvement of top-tier underwriters like BofA Securities and J.P. Morgan indicate substantial market interest. This could potentially increase Viking's liquidity and broaden its investor base. The 30-day option for an additional 4.5 million shares also provides flexibility based on demand.
Investors should watch closely for the pricing of this offering, as it will provide insight into market sentiment towards Viking. A strong pricing could signal continued confidence, while a discount might suggest concerns about the company's valuation or future prospects.
This secondary offering could significantly impact Viking's stock price and market perception. Typically, large secondary offerings can put downward pressure on stock prices due to increased supply. However, the effect might be mitigated if the market views this as an opportunity for increased liquidity and a more diverse shareholder base.
The timing of this offering is crucial. If Viking's recent performance has been strong, it might be seen as a strategic move by early investors to capitalize on high valuations. Conversely, if the company has been struggling, it could be perceived as insiders losing faith.
Investors should also consider the lock-up agreements and any potential overhang on the stock. The market will be keen to know who the selling shareholders are and their reasons for selling. This information, once available in the prospectus, could provide valuable insights into Viking's internal dynamics and future outlook.
Viking is not offering any ordinary shares and will not receive any proceeds from the offering.
BofA Securities and J.P. Morgan (listed in alphabetical order) are acting as lead underwriters and representatives for the proposed offering. UBS Investment Bank and Wells Fargo Securities are also acting as lead book-running managers.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: BofA Securities, NC1-022-02-25, 201 North Tryon Street,
A registration statement on Form F-1 relating to the offering of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. A copy of the preliminary prospectus can be accessed through the SEC’s website at www.sec.gov.
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.
Special Note Regarding Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this press release, including among others, statements relating to Viking’s current expectations and views with respect to, among other things, the proposed offering. In some cases, forward-looking statements can be identified by the use of words such as “anticipates,” “estimates,” “expects,” “intends,” “plans” and “believes,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could.” These forward-looking statements are based on Viking’s current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict or which are beyond Viking’s control. You should not place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by us, or on our behalf. Our actual results may differ materially from those expressed in, or implied by, the forward-looking statements included in this press release as a result of various factors, including the risks discussed in Viking’s filings with the SEC, including the registration statement on Form F-1 related to the proposed offering, each of which is accessible on the SEC’s website at www.sec.gov.
Forward-looking statements speak only as of the date of this press release. Except as required by law, Viking assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
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™.
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Investor Relations
Email: investorrelations@viking.com
Public Relations
Email: vikingpr@edelman.com
Source: Viking Holdings Ltd
FAQ
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