Norwegian Cruise Line sets terms for $400 million IPO

By
A A A

Norwegian Cruise Line, a third largest cruise line operator in North America, announced terms for its IPO on Tuesday. The Miami, FL-based company plans to raise $400 million by offering 23.5 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Norwegian Cruise Line would command a fully diluted market value of $3.4 billion. Norwegian Cruise Line, which was founded in 1966 and booked $2.3 billion in sales for the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol NCLH. UBS Investment Bank and Barclays are the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: NCLH

Renaissance Capital

Renaissance Capital

More from Renaissance Capital:

Related Videos

Stocks

Referenced

Most Active by Volume

89,070,840
  • $17.26 ▲ 3.23%
78,931,485
  • $7.02 ▲ 4.46%
77,555,734
  • $6.70 ▲ 6.69%
77,025,346
  • $24.66 ▲ 0.69%
74,713,335
  • $101.80 ▲ 1.82%
72,324,726
  • $7.64 ▲ 0.79%
57,112,188
  • $17.84 ▲ 55.27%
53,321,397
  • $18.01 ▼ 4.46%
As of 12/17/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com