VIKING HOLDINGS LTD. $28 is a hold. The company (New York symbol VIK; Consumer sector; Shares outstanding: 431.5 million; Market cap: $12.1 billion; No dividend paid; Takeover Target Rating: Lowest; www.viking.com) is a Bermuda-based operator of luxury passenger cruise ships. It currently has 92 vessels, 80 of which can travel on major rivers such as the Nile.
On May 1, 2024, Viking sold 11.0 million of its ordinary shares to the public at $24.00 a share for total proceeds of $264.0 million. The company’s controlling shareholders also sold 62.7 million shares at the IPO price.
The proceeds will help Viking invest in new ships and tap into strong demand for cruises in the wake of the COVID-19 pandemic. However, elevated interest rates and inflation could dampen consumer spending for expensive cruises.
Viking Holdings is a hold. hold…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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