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Travel firm Viking Holdings aims for up to $10.8 bln valuation in US IPO
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Travel firm Viking Holdings aims for up to $10.8 bln valuation in US IPO
Apr 22, 2024 4:28 AM

April 22 (Reuters) - Travel firm Viking Holdings said on

Monday it is seeking a valuation of up to $10.8 billion in its

initial public offering in the United States, as it joins a slew

of companies looking to take advantage of a rebound in the

capital market.

The company, backed by private equity firm TPG and

Canada Pension Plan Investment Board, is aiming to raise up to

$1.1 billion by offering 44 million shares priced between $21

and $25 apiece.

After a two-year dry spell, U.S. IPOs are expected to

rebound in 2024 on firming bets of a soft landing for the

world's largest economy, although the recovery has been uneven

so far.

Viking will list its shares on the New York Stock Exchange

under the symbol "VIK".

BofA Securities, J.P. Morgan, UBS Investment Bank, Wells

Fargo Securities, HSBC and Morgan Stanley are the lead

underwriters for the IPO.

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