This would raise nearly $1.54b and infers a valuation of more than $10b, which Reuters said makes Viking 'the biggest US stock market debut of 2024.'
The company had marketed the shares in a range of $21 to $25.
NYSE trading to begin May 1
Viking said it would begin trading Wednesday on the New York Stock Exchange under the symbol VIK.
Upsized from 44m shares
Viking is offering 11m shares and selling shareholders Canada Pension Plan Investment Board and TPG are offering 53,041,668 shares, up from the 33m initially planned. In addition, the selling shareholders granted the underwriters a 30-day option to purchase up to an additional 9.6m shares to cover over-allotments.
BofA Securities and JP Morgan are the lead underwriters with UBS Investment Bank and Wells Fargo Securities acting as lead book-running managers. HSBC and Morgan Stanley are bookrunners, and Rothschild & Co, Stifel, Drexel Hamilton, Loop Capital Markets and R. Seelaus & Co. are co-managers.
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