Cruise operator Viking slips after secondary offering unveil

Viking Holdings(Pembroke)

27/05/2025 22:15

**  Shares of cruise operator Viking Holdings VIK.N down 2.2% in extended trading to $43.94 after secondary offering launch

    ** Luxury river and ocean cruise line firm announces sale of ~30.5 mln shares by certain existing holders

    ** JP Morgan and BofA are underwriters for the offering

    ** Woodland Hills, California-headquartered co has ~443.1 mln shares outstanding, giving co roughly $20 bln market cap

    ** VIK shares on Tues finished up 2.6% at $44.92, up 2% YTD

** Co went public after May 2024 IPO priced at $24

** 13 of 18 analysts covering VIK rate stock "strong buy" or "buy", rest rate "hold" with $50 median PT, latest LSEG shows

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))