Cruise operator Viking shares rise 9% in New York debut

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Cruise operator Viking shares rise 9% in New York debut
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Cruise operator Viking shares rise 9% in New York debut

- Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.

Founded in 1997, Viking grew its fleet to more than 90 vessels and joins a list of companies including Reddit, Loar Holdings and Rubrik that have seen remarkable debuts recently. The company, which aimed to price its IPO between $21 and $25 apiece, upsized its offering earlier this week and said Viking and some of its existing shareholders plan to sell 53 million shares, 9 million more than in their previous offer.

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