BUZZ-Cruise operator Viking rises after sponsors slice stakes

Reuters09-13

** Viking Holdings shares up 2.3% at $32.32 on Thurs after luxury cruise line firm's first public offering since its May debut

** Co late Weds announced pricing 30-mln-share secondary offering at $31

** Private equity firm TPG sold ~21 mln shares and Canada Pension Plan Investment Board offloaded the balance, per the SEC filing

** Offering cuts co-sponsors' respective stakes to 9.2% and 12% from 14.1% each, based on 431.6 mln total shares outstanding

** BofA and JP Morgan leading the offering, joined by UBS and Wells Fargo

** Viking's IPO priced at $24. Stock has traded as high as $37.25 (Jul 22)

** 7 of 10 analysts rate stock "strong buy" or "buy", rest "hold" with $39 median PT

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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