Norwegian Cruise Line Holdings Ltd. said its initial public offering of 23.5 million shares will likely price between $16 and $18 a share.
The cruise-line operator expects net proceeds of about $370 million from the share sale, which will mainly be used to pay down debt.
Norwegian first filed for the IPO of up to $250 million in July 2011. The proposed maximum offering price in its latest filing was about $487 million.
For the nine months ended Sept. 30, Norwegian recorded a 30% rise in profit, as revenue climbed while marketing, general and administrative expenses declined.
The company expects to list its shares on the Nasdaq under the ticker symbol NCLH.
Write to Saabira Chaudhuri at [email protected]
(c) 2012 Dow Jones & Company
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The U.S. Coast Guard is monitoring a passenger vessel that ran aground near Kewalo Basin in Honolulu. The Discovery, a 75-foot vessel operating as a shuttle for Atlantis Adventures, is...
Iraq's navy has detained a Liberian-flagged oil tanker in its territorial waters as part of a crackdown on fuel smuggling at sea, sources with the navy and oil and transport ministries said on Friday.
A South Carolina lawmaker is proposing establishing a South Carolina Maritime Academy at The Citadel Military College, aiming to address critical workforce shortages in the U.S. maritime industry while creating...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
