Viking Announces Pricing of its Secondary Offering
12 September 2024 - 11:14AM
Business Wire
Viking Holdings Ltd (NYSE: VIK) (“Viking”) today announced the
pricing of its secondary public offering of an aggregate of
30,000,000 ordinary shares at a public offering price of $31.00 per
share. The selling shareholders are offering 30,000,000 ordinary
shares and have granted the underwriters a 30-day option to
purchase up to an additional 4,500,000 ordinary shares at the
public offering price, less underwriting discounts and commissions.
The offering is expected to close on September 13, 2024, subject to
customary closing conditions.
Viking is not offering any ordinary shares and will not receive
any proceeds from the offering.
BofA Securities and J.P. Morgan (listed in alphabetical order)
are acting as lead underwriters and representatives for the
proposed offering. UBS Investment Bank and Wells Fargo Securities
are also acting as lead book-running managers. HSBC and Morgan
Stanley are acting as bookrunners for the proposed offering, and
Rothschild & Co, Stifel, Drexel Hamilton, LLC, Loop Capital
Markets LLC and R. Seelaus & Co., LLC are acting as co-managers
for the proposed offering.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission and was declared
effective on September 11, 2024. The proposed offering will be made
only by means of a prospectus, copies of which may be obtained,
when available, from: BofA Securities, NC1-022-02-25, 201 North
Tryon Street, Charlotte, North Carolina 28255-0001, Attention:
Prospectus Department, telephone: 1-800-294-1322, or email:
dg.prospectus_requests@bofa.com; and J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717 or by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Special Note Regarding Forward-Looking Statements
Certain statements in this press release constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, Section 21E of the
Securities Exchange Act of 1934, as amended, and the safe harbor
from liability established by the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include, but
are not limited to, all statements other than statements of
historical facts contained in this press release, including among
others, statements relating to Viking’s current expectations and
views with respect to, among other things, the proposed offering.
In some cases, forward-looking statements can be identified by the
use of words such as “anticipates,” “estimates,” “expects,”
“intends,” “plans” and “believes,” and similar expressions or
future or conditional verbs such as “will,” “should,” “would,”
“may” and “could.” These forward-looking statements are based on
Viking’s current expectations and assumptions about future events,
which are inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict or which are beyond
Viking’s control. You should not place undue reliance on the
forward-looking statements included in this press release or that
may be made elsewhere from time to time by us, or on our behalf.
Our actual results may differ materially from those expressed in,
or implied by, the forward-looking statements included in this
press release as a result of various factors, including the risks
discussed in Viking’s filings with the SEC, including the
registration statement on Form F-1 related to the proposed
offering, each of which is accessible on the SEC’s website at
www.sec.gov.
Forward-looking statements speak only as of the date of this
press release. Except as required by law, Viking assumes no
obligation to update or revise these forward-looking statements for
any reason, even if new information becomes available in the
future. All forward-looking statements attributable to us are
expressly qualified by these cautionary statements.
About Viking
Viking was founded in 1997 and provides destination-focused
journeys on rivers, oceans and lakes around the world. Designed for
curious travelers with interests in science, history, culture and
cuisine, Viking offers experiences for The Thinking Person™.
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Investor Relations Email: investorrelations@viking.com
Public Relations Email: vikingpr@edelman.com
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