Viking Holdings Ltd.

General Information

Viking was founded in 1997 with four river vessels and a simple vision that travel could be more destination-focused and culturally immersive. (Incorporated in Bermuda)

Today, we have grown into one of the world’s leading travel companies, with a fleet of 92 small, state-of-the-art ships, which we view as floating hotels. From our iconic journeys on the world’s great rivers, including our new Mississippi River itineraries, to our ocean voyages around the globe and our extraordinary expeditions to the ends of the earth, we offer meaningful travel experiences on all seven continents in all three categories of the cruise industry—river, ocean and expedition cruising.

Note: Net loss and revenue are for the year that ended Dec. 31, 2023.

(Note: Viking Holdings Ltd. upsized its IPO at pricing to 64.04 million shares – up from 53.0 million shares – and priced the IPO at $24.00 – $1.00 below the top of its $21.00-to-$25.00 price range – to raise $1.54 billion ($1,536.96 million) on Tuesday night, April 30, 2024. Selling shareholders offered 53.04 million shares – up from 42.0 million shares in the prospectus – and Viking offered 11.0 million shares, the same number of shares in the prospectus. Viking will not receive any proceeds from the sale of the selling shareholders’ shares.)


(Note: Viking Holdings Ltd. increased the size of its IPO to 53.0 million shares – up from 44.0 million shares – and kept the price range at $21.00 to $25.00 – to raise $1.22 billion ($1,219.0 million), according to an F-1/A filing on April 29, 2024. Selling shareholders are offering all of the additional shares: Their part of the IPO now consists of 42.0 million shares – up from 33 million shares initially – while Viking, the company, is keeping its part of the IPO at 11.0 million shares. Under the new terms, the IPO’s size has been increased by 20.5 percent. Background: Viking Holdings Ltd. disclosed the terms for its IPO on April 22, 2024, in an F-1/A filing: 44.0 million shares at a price range of $21.00 to $25.00 per share to raise $1.01 billion ($1,012.0 million). The company is offering 11.0 million shares in the IPO, while the selling shareholders – TPG and CPP Investments – are offering 33.0 million shares. The company will not receive any proceeds from the sale of the selling shareholders’ stock. Background: Viking Holdings Ltd. filed its F-1, without disclosing terms, on April 5, 2024. The prospectus estimates that Viking’s IPO will raise $100 million, a placeholder amount. Some IPO pros estimate that Viking could raise as much as $500 million in its IPO.) 

Industry: Travel & Leisure - Cruise Ships
Employees: 9500
Founded: 1997
Contact Information
Address 94 Pitts Bay Road Pembroke, Bermuda HM 08
Phone Number (441) 478-2244
Web Address
View Prospectus: Viking Holdings Ltd.
Financial Information
Market Cap $10620.0mil
Revenues $4710.5 mil (last 12 months)
Net Income $-1858.6 mil (last 12 months)
IPO Profile
Symbol VIK
Exchange NYSE
Shares (millions): 64.0
Price range $24.00 - $24.00
Est. $ Volume $1537.0 mil
Manager / Joint Managers BofA Securities/ J.P. Morgan/ UBS Investment Bank/Wells Fargo Securities/ HSBC/ Morgan Stanley/ Rothschild & Co./ Stifel  
Expected To Trade: 5/1/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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