Competitors in Focus as Norwegian Sets IPO Price Range (NCLH) (CCL) (RCL)

January 8, 2013 8:15 AM EST Send to a Friend
Carnival Corp (NYSE: CCL) and Royal Caribbean Cruises (NYSE: RCL) are in focus this morning after Norwegian Cruise Line Holdings (NASDAQ: NCLH) doubled the estimate size of its initial public offering to up to $487.1 million from $250 million. The company plans to price the IPO at $16 to $18 per share.

Norwegian Cruise Line Holdings Ltd and NCL Corporation Ltd. announced today the launch of Norwegian’s initial public offering of 23,529,412 ordinary shares pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). Norwegian will grant the underwriters a 30-day option to purchase an aggregate of up to 3,529,412 additional ordinary shares. Norwegian intends to list the ordinary shares on the NASDAQ Global Select Market and, subject to official notice of issuance, the ordinary shares will trade under the symbol "NCLH."

UBS Investment Bank and Barclays are acting as bookrunners and the representatives of the underwriters for the offering. Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan are also acting as bookrunners for the offering. DNB Markets, HSBC, SunTrust Robinson Humphrey, Wells Fargo Securities and Apollo Global Securities are acting as co-managers for the offering.


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