Vikings Set Prices for Secondary Offering
LOS ANGELES - In a move to increase investor liquidity, Viking Holdings Ltd (NYSE: VIK) has announced a secondary offering of approximately 30.53 million ordinary shares, priced at $44.20 each. The offering, managed by underwriters J.P. Morgan and BofA Securities, is scheduled to close on May 29, 2025, subject to customary closing conditions. Notably, Viking Holdings Ltd will not be issuing any new shares or receiving any proceeds from the offering.
While the secondary offering will not directly raise capital for the company, it could have long-term strategic benefits in terms of market liquidity and shareholder distribution. Shareholders are selling existing shares, with increased liquidity and a potentially broadened shareholder base being the key objectives. The transaction aims to ensure regulatory compliance and transparency, as it is being conducted under an effective shelf registration with the Securities and Exchange Commission (SEC).
The offering will be made only through a prospectus supplement and accompanying prospectus. Potential investors can obtain copies of these documents from J.P. Morgan Securities LLC and BofA Securities, as detailed in the press release.
Founded in 1997, Viking Holdings Ltd offers destination-focused journeys on rivers, oceans, and lakes worldwide, catering to travelers with interests in science, history, culture, and cuisine. For more information, investors are encouraged to contact Viking's investor relations or public relations departments through the contact details provided in the press release.
Certain statements in this press release constitute "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. Viking Holdings Ltd assumes no obligation to update or revise these forward-looking statements for any reason, except as required by law.
The secondary offering of Viking Holdings Ltd's shares could potentially attract finance-interested news consumers, as the increase in share liquidity could benefit long-term investing strategies in the business sector. Meanwhile, regulatory compliance and transparency are keys to the transaction, as it is being conducted under an SEC-approved shelf registration.
