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Norwegian Cruise Line sets terms for $400 million IPO

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 Nasdaq, Inc.


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

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