Viking Cruises weighing IPO of $500M or more, Bloomberg reports

Viking Cruises is considering a U.S. initial public offering that could raise $500M or more, Bloomberg’s Gillian Tan, Amy Or, Ryan Gould, and Paula Sambo report, citing people familiar with the matter. The travel company is working with Bank of America (BAC), JPMorgan (JPM), UBS (UBS) and Wells Fargo (WFC) on the potential listing, the people said. An IPO may come as soon as the second quarter, they added. The company is backed by private equity firm TPG and the Canada Pension Plan Investment Board, which together invested about $500M in additional capital in November 2020, after first investing in 2016, the authors note.