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.