Norwegian set to raise $370m through IPO

Norwegian set to raise $370m through IPO

Norwegian Cruise Line Holdings, the company behind Norwegian Cruise Lines, has set a price range of $16 to $18 per share in the organisation ahead of a planned initial public offering.

The offering would raise about $370 million, which would be used mainly to pay off debt.

That is according to a disclosure statement issued on January 2nd. 

In a statement, Norwegian said it plans to sell 23.5 million shares, which it will seek to list on the NASDAQ exchange under the symbol NCLH.