Cruise operator Viking slips after secondary offering unveil

ReutersMay 27, 2025 9:15 PM

Shares of cruise operator Viking Holdings VIK.N down 2.2% in extended trading to $43.94 after secondary offering launch

Luxury river and ocean cruise line firm announces sale of ~30.5 mln shares by certain existing holders

JP Morgan and BofA are underwriters for the offering

Woodland Hills, California-headquartered co has ~443.1 mln shares outstanding, giving co roughly $20 bln market cap

VIK shares on Tues finished up 2.6% at $44.92, up 2% YTD

Co went public after May 2024 IPO priced at $24

13 of 18 analysts covering VIK rate stock "strong buy" or "buy", rest rate "hold" with $50 median PT, latest LSEG shows

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