April 30 (Reuters) - Cruise operator Viking Holdings

priced its initial public offering within its targeted range at

$24 per share on Tuesday, according to a person familiar with

the matter.

The IPO raised $1.54 billion based on 64.04 million shares

sold by the company and its existing investors. It infers a

valuation of $10.35 billion on Viking, making it the biggest

U.S. stock market debut of 2024.

The sources requested anonymity as the discussions are

confidential. Viking, which had aimed to price its IPO between

$21 and $25 a share, did not immediately respond to a request

for comment.

Viking upsized its IPO on Monday and said it would target a

valuation of more than $10 billion.

Viking's IPO comes as the U.S. IPO market is showing

signs of a rebound, after stock market flotations froze up

during most of 2022 and 2023.

IPO hopefuls have been boosted by the successful stock

market listings of social media platform Reddit ( RDDT ),

semiconductor connectivity firm Astera Labs ( ALAB ) and

cybersecurity software firm Rubrik ( RBRK ) in recent weeks.

Viking, founded in 1997, started out with four river vessels

and now owns a fleet of 92, allowing customers to book voyages

to destinations including Antarctica and the Arctic. Viking

generated revenue of $4.7 billion in 2023 and currently has more

than 10,000 employees in over 90 countries.

It counts private equity firms TPG and Canada Pension Plan

Investment Board among its prominent investors.

Viking's shares will start trading on the New York Stock

Exchange on Wednesday under the symbol "VIK".

Bank of America, JPMorgan Chase, UBS Investment Bank, Wells

Fargo, HSBC and Morgan Stanley are the lead underwriters on

Viking's offering.