Norwegian Cruise Line jumps in 1st day of trading

NEW YORK - APRIL 18: The Norwegian Dawn cruise ship is docked two days after being struck by a seven-story-high wave April 18, 2005 in New York City. The ship was struck by a freak wave during a cruise that broke windows, sent furniture flying, flooded cabins and injured four passengers. (Photo by Stephen Chernin/Getty Images) Stephen Chernin

NEW YORK Shares of Norwegian Cruise Line skyrocketed more than 33 percent in its first day as a publicly traded company.

The cruise operator's stock gained $6.29, or 33.1 percent, to $25.29 in morning trading Friday. The stock opened at $25.10, 32 percent above the $19 per share it was priced at.

The pricing of Norwegian Cruise Line Holdings Ltd.'s initial public offering of about 23.5 million shares was above the expected range of $16 to $18 per share.

The offering raised about $446.5 million.

Norwegian joins other publicly traded cruise operators including Royal Caribbean Cruises Ltd. and Carnival Corp.

It is trading on the Nasdaq Global Select Market under the "NCLH" ticker symbol.

Norwegian sails its 11 vessels on itineraries in North America, Bermuda, the Caribbean, the Mediterranean and the Baltic.

Comments

Market Data

Market News

Stock Watchlist