© Reuters.
According to a report by Bloomberg Thursday, Viking Cruises is working on a U.S. initial public offering to raise $500 million or more. Persons familiar with the matter told Bloomberg the IPO may happen as soon as the second quarter, though the details regarding the timing and size may change.
Bank of America (NYSE:), JPMorgan (NYSE:), UBS, and Wells Fargo (NYSE:) are reportedly working with Viking Cruises on the listing.
Viking currently has around $4.7 billion in debt, said Bloomberg. The travel company is backed by private equity firm TPG and the Canada Pension Plan Investment Board.
Headquartered in Switzerland, Viking Cruises was founded in 1997 and expanded to the American Market in 2000. The company operates a fleet of over 90 vehicles and offers river, ocean and expedition voyages across the world.
