Prestige Cruises Scraps IPO Plans

Luxury cruise liner Prestige Cruises International pulled back from an initial public offering in a filling with the US regulators dated on Monday, January 12th.

The company initially filed for a USD 250 million IPO in January 2014.

However, cruise operator Norwegian Cruise Line Holdings Ltd. revealed intentions in September last year to take over Prestige Cruises International, for a total transaction consideration of USD 3.025 billion, including the assumption of debt.

The acquisition was wrapped up in November.

Miami, FL-based Prestige is the parent company of Oceania Cruises and Regent Seven Seas Cruises.

Prestige operates eight ships and approximately 6,500 berths under two segment-leading brands.

Oceania Cruises operates in the upper-premium cruise segment with five ships.

Regent Seven Seas Cruises operates three all-suite ships, with an additional ship on order slated for delivery in summer 2016.

World Maritime News Staff; Image: Prestige Cruises

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >