Norwegian Cruise Line Secondary Stock Issue Priced

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A chunk of stock in Norwegian Cruise Line is sailing onto the market. The company revealed that a secondary public offering of 20 million of its shares is being floated by major stockholders Star NCLC Holdings, and "certain funds affiliated with" Apollo Global Management at a price of $29.75 per share. Additionally, the company's underwriters have been granted a 30-day purchase option for up to an additional 3 million shares.

In the press release announcing the news, Norwegian Cruise Line stressed that it will receive no proceeds from the issue, as it is not the selling party.

The bookrunners of the offering are UBS' Investment Bank unit, Barclays, Citigroup, Goldman Sachs, JPMorgan Chase division J.P. Morgan, and the Securities arm of Deutsche Bank.

Currenly, Norwegian Cruise Line has 204 million shares outstanding, and its stock most recently closed at $31.02 per share.

The article Norwegian Cruise Line Secondary Stock Issue Priced originally appeared on

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Citigroup and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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