Norwegian Cruise Line To Go Public

MIAMI (CBSMiami) – Miami-based Norwegian Cruise Line, the third largest ocean going cruise line, announced plans Tuesday to go public.

Nearly 24 million ordinary shares have been registered with the Securities and Exchange Commission for the initial public offering, according to CBS4 news partner The Miami Herald.

No price has been set for the shares which will be traded on the NASDAQ.

Genting Hong Kong, a subsidiary of Genting Group, owns 50 percent of the cruise line in a partnership with private equity firms Apollo Management and TPG. The Genting Group, a gambling and resort conglomerate, made headlines in South Florida when it purchased the land currently occupied by The Miami Herald for $236 million.

NCL has 11 ships with itineraries in North America (including Alaska and Hawaii), the Caribbean, Bermuda, the Mediterranean and the Baltic.

CBS4 news partner The Miami Herald contributed to this report.

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