Norwegian Cruise Line launches IPO

JANUARY 18, 2013 — Norwegian Cruise Line (NASDAQ: NCLH) CEO Kevin Sheehan visited  the NASDAQ MarketSite to officially open the market and unveil coverage of the Opening Bell ceremony from the cruise ship Norwegian Epic to mark the company’s initial public offering of 23,529,412 of its ordinary shares at a price of $19.00 per share. That was above the the expected range of $16-18 per share (NCLH). Still, the shares seem to have rung a bell with investors. They opened at $25.11 and were trading at $24.89 at mid-morning.

The company has granted underwriters a 30-day option to purchase up to 3,529,412 additional ordinary shares at the initial public offering price.

UBS Investment Bank and Barclays are acting as bookrunners and the representatives of the underwriters for the offering. Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan are also acting as bookrunners for the offering. DNB Markets, HSBC, SunTrust Robinson Humphrey, Wells Fargo Securities and Lebenthal Capital Markets are acting as co-managers for the offering.