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Stock impact report

Cruise Line Viking IPO Fetches $1.54 Billion [Financial Post (Toronto, Ontario, Canada)]

TPG Inc. - Class A (TPG) 
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Viking Holdings Ltd. priced its initial public offering near the top of a marketed range to raise $1.54 billion for the luxury cruise operator and two investors, according to people familiar with the matter. Viking and the investors sold 64.04 million shares for $24 apiece, said the people, who asked not to be identified because the information wasn't public yet. Article content Article content Best known for its art- and history-rich river tours of Europe, Viking had marketed the shares for $21 to $25 each. It increased the number of shares offered by private equity firm TPG Inc. and the Canada Pension Plan Investment Board at the time of the pricing to 53.04 million, the people said. The size of the potential over-allotment was also increased to 9.6 million shares, the people said. A representative for TPG declined to comment, while Viking Show less Read more
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