(Bloomberg) -- Viking Holdings Ltd. priced its initial public offering near the top of a marketed range to raise $1.54 billion for the luxury cruise operator...
-- Viking Holdings Ltd. priced its initial public offering near the top of a marketed range to raise $1.54 billion for the luxury cruise operator and two investors.Wall Street Hit by Fed Jitters to Close Wild April: Markets Wrap Viking is offering 11 million shares and the selling shareholders are offering about 53 million for $24 apiece, the company said in a statement, confirming an earlier report by Bloomberg News.
Founded in 1997, Viking operates cruises around the world and has 92 vessels, according to the filing. It has more than 10,000 employees in over 90 countries. Bermuda-based Viking is joining its publicly traded peers Royal Caribbean Cruises Ltd., Carnival Corp. and Norwegian Cruise Line Holdings Ltd. Royal Caribbean, the largest of them with a market value of about $37 billion, is the only one of the three whose shares have climbed back to where they started before the coronavirus pandemic.
The top United Nations court has rejected a request by Nicaragua to order Germany to halt military and other aid to Israel and renew funding to the U.N. aid agency in Gaza. The International Court of Justice said Tuesday that legal conditions for making such an order weren't met. The Biden administration spelled out guidelines Tuesday for tax breaks designed to boost production of sustainable aviation fuel and help curb fast-growing emissions from commercial airplanes.
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