Viking Holdings Ltd. Files for Initial Public Offering
Viking Holdings Ltd., a leading travel company specializing in cruises, has confidentially filed for an initial public offering with the Securities and Exchange Commission.
Backed by TPG Capital and Canada Pension Plan Investment Board
Viking is proudly backed by private-equity firm TPG Capital and the Canada Pension Plan Investment Board, who both invested an additional $500 million in the company in November 2020.
A Rich History of Expansion
Founded in 1997, Viking acquired Europe’s KD River Cruises in 2000 to enhance its fleet, marking a pivotal point in its growth. Expanding into the U.S. market in the same year, Viking now operates from its office in Los Angeles. With a fleet of over 90 ships, Viking offers river, ocean, and expedition voyages across all seven continents. The company is headquartered in Basel, Switzerland.
Optimism for the IPO Market
This move comes at a time when the IPO market shows signs of recovery after a dry spell in the last two years. Prominent names like Reddit have already entered the pipeline, indicating a positive trend.
Looking Ahead: 2024 IPOs Forecast
With Reddit, Shein, and Stripe potentially leading the charge, the IPO market for 2024 is expected to see a revival. Stay tuned for more exciting developments in the IPO space.
Read also: IPO freeze gives way to cautious optimism as dealmakers see signs of a thaw
The Renaissance IPO ETF IPO has gained 31% in the last 12 months, outpacing the S&P 500 SPX, which rose by 27%.
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