Viking Cruises reported to be considering IPO in US

Listing could raise at least US$500m, according to Bloomberg

Viking Cruises is reported to be considering an initial public offering (IPO) in the US to raise at least US$500 million.

The listing could take place as soon as Q2 2024, according to news source Bloomberg.

The Switzerland-based river and ocean cruise company is currently backed by private equity firm TPG and the Canada Pension Plan Investment Board.

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Bank of America, JPMorgan, UBS and Wells Fargo are reportedly working with Viking Cruises on the listing, although the details regarding the timing and size may change.

Founded in 1997 by chairman Torstein Hagen, the company has its corporate headquarters in Basel and its marketing base in Los Angeles.

Viking runs an expanding fleet of almost a dozen ocean cruise ships, each with a capacity of 998 passengers, together with 80 river vessels, with 10 more due for delivery between 2025 and 2026.

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