Norwegian Cruise Lines Set For IPO

MIAMI (CBS4) – Norwegian Cruise Lines serves plenty of the public on its numerous ships and cruises. Now, Norwegian wants to let the public have even more of a say-so in the company by taking the company public.

According to CBS4 news partner the Miami Herald, Norwegian filed paperwork late Tuesday with the U.S. Securities and Exchange Commission to offer roughly $250 million worth of stocks in an initial public offering.

Norwegian is currently a privately held company with three main stakeholders: Apollo Management from New York; private equity firm TPG; and Genting Hong Kong.

Norwegian announced earlier that it’s revenue generated rose by 9.5 percent, according to the Herald. The company also announced it had ordered two new 4,000-passenger ships.

The Miami Herald contributed to this report.

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