IPOs expected to price
- Viking Holdings (VIK): The ocean and river cruise company is planning to sell 44M shares priced between $21 and $25 per share in an initial public offering. The company disclosed in an SEC filing that in 2023 it reported a loss of $1.85B on $4.7B in revenue as cruise operating expenses increased by 33% to $2.85B. Adjusted EBITDA loss widened to $1.09B from $367M in 2022 and the adjusted EBITDA margin expanded to 35.5% from 18.4% the year prior. Viking started in 1997 with just 4 river cruise ships but has expanded to 84 ships in operation with 650K passengers in 2023.
IPO quiet period expirations
- Contineum Therapeutics (CTNM) and
- Massimo Group (MAMO)
IPO lockup expirations
- Alpha Technology Group (ATGL) and
- Lexeo Therapeutics (LXEO).
