Latham & Watkins Advises on Viking’s US$930 Million Secondary Offering

Viking Holdings Ltd (NYSE: VIK) has announced the pricing of its secondary public offering of an aggregate of 30,000,000 ordinary shares at a public offering price of US$31 per share. The selling shareholders are offering 30,000,000 ordinary shares and have granted the underwriters a 30-day option to purchase up to an additional 4,500,000 ordinary shares at the public offering price, less underwriting discounts and commissions. The offering is expected to close on September 13, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by Chicago partners Christopher Lueking, Scott Westhoff, and Jonathan Sarna, with associates KC Sands, Chelsea Carlson, and Caroline Hughes. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Jacob Nagelberg; on sanctions matters by Washington, D.C. partner Les Carnegie, with associate Matthew Crawford; on anti-bribery and anti-corruption matters by Washington, D.C. partner Erin Brown Jones; on intellectual property and data privacy matters by Washington, D.C. partner Morgan Brubaker, London partner Fiona Maclean, and Houston/Austin counsel Robert Brown, with associates Lyle Stewart and Kate Burrell; and on benefits and compensation matters by Los Angeles partner Larry Seymour, London partner Kendall Burnett, and Orange County counsel Sara Schlau, with associate Julie Voorhes.