The IPO Buzz: Viking Prices Upsized IPO at $24 – $1 Below Top of Range
- At pricing Tuesday night, the size was increased to 64.04 million shares – with 53.04 million shares coming from the selling shareholders TPG, the private equity firm, and CPP Investments, the Canada Pension Plan Board’s investing arm.
- Early Monday morning, Viking’s IPO was raised to 53.04 million shares – with 42 million shares coming from the selling shareholders TPG and CPP Investments.
- The IPO’s initial size was 44.0 million shares – with 33.0 million shares coming from the selling shareholders TPG and CPP Investments.
- To recap, the selling shareholders TPG and CPP Investments added 20 million shares to their part of the IPO – from the terms of the initial filing to the deal’s size at pricing.
Viking offered only 11.0 million shares in the IPO. The company will not receive any proceeds from the sale of the selling shareholders’ stock. The selling shareholders’ decision to increase their part of the deal is understandable, the IPO pros say. TPG, the private equity powerhouse, had stepped in to help Viking weather the pandemic storm. “Private equity wants to get paid,” a veteran IPO player says. Cornerstone investor Norges Bank Investment Management, a division of Norges Bank, indicated an interest in buying up to $100 million of stock in the IPO, according to the SEC filing. That amounts to about 6.5 percent of the IPO. Viking Holdings Ltd. (VIK Proposed), based in Pembroke, Bermuda, caters to an upscale clientele ages 55 and up. The company, founded in 1997 with four river vessels, now operates “a fleet of 92 small state-of-the-art ships, which we view as floating hotels,” the prospectus says. Viking’s cruise offerings include Mississippi River cruises, European river cruises and ocean voyages. As part of its appeal to affluent Baby Boomers (born in the years 1946 through 1964), Viking posts on its website a list of what you won’t see on a Viking cruise. That list includes “No children under 18” and “No casinos.” Viking is not profitable. The company reported a net loss of $1.86 billion on revenue of $4.71 billion for the year that ended Dec. 31, 2023. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on IPOScoop.com’s website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
Source: https://www.iposcoop.com/the-ipo-buzz-viking-prices-upsized-ipo-at-24-1-below-top-of-range/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.