Viking shares rise more than 10% after cruise line operator's market debut
Publishing timestamp: 2024-05-01 13:18:23
Summary
Viking started trading on NYSE with strong demand from investors, targeting high-income baby boomers with upscale cruises. The company's IPO coincides with a rebound in cruise bookings and it has a premium price point that allows it to make more money per customer than other publicly traded cruise lines. Investors are also interested in Viking's expansion plans and the overall outlook for the cruise industry post-pandemic.
Sentiment: POSITIVE
Keywords: norwegian cruise line holdings ltd, breaking news: business, breaking news: markets, royal caribbean cruises ltd, transportation, carnival corp, viking holdings ltd, ipo, travel, business news,
Source: https://www.cnbc.com/2024/05/01/viking-ipo-vik-cruise-line-company-trading-on-nyse.html