NCL initial public offering delayed

16th Mar 2011
NCL initial public offering delayed

The private equity firm which owns half of Norwegian Cruise Line has postponed a planned $500 million initial public offering, according to reports in the United Kingdom.

Apollo Global Management reportedly delayed the start of official talks with investors until stock markets calm down in the wake of the Japanese earthquake and tsunami.

Apollo also cruise brands Regent Seven Seas Cruises and Oceania Cruises.

Decisions on the initial public offering continue to be made “day-by-day,” according to the Times newspaper.

Apollo hopes to offer shares at between $18 and $20 each and raise $494 million (£307 million).



Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation