Travel news for the trade community

Norwegian Cruise Line sells shares above prediction

The NASDAQ Bell Ceremony onboard Norwegian Epic.

The industry’s third biggest operator, Norwegian Cruise Line, has priced its shares at US$19 each – above the expected range of US$16-US$18.

The firm sold 23.5 million shares, according to reports, which means the floatation was valued at around US$446.5 million. 

The money will be used to pay current debts that have been raised on recent ventures – including the Getaway, Breakaway and other future launches. 

Kevin Sheehan, Norwegian Cruise Line CEO, will visit the New York stock exchange to officially open the market today (18 January 2013).

In a further development to the story, Norwegian – which is trading under NCLH – saw its share price soar by nearly 30% when it opened on Friday. The line’s stock gained US$6.29 according to reports, which equates to around 33.1% – to US$25.29 in total.





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