Shares of Norwegian Cruise Line Holdings begin trading Friday on the NASDAQ exchange, after underwriters priced the stock at $19 a share, raising $446.5 million.
The offering price was above the expected range of $16 to $18 per share set forth in a prospectus.
Norwegian will use the proceeds to pay down debt. The 23.5 million shares sold amount to 12% of the ownership of Norwegian.
The majority of the company's shares remain owned by Genting HK, Apollo Group and TPG Viking funds, with Apollo having control of Norwegian's nine-member board of directors.
Norwegian's stock symbol is NCLH. Follow Tom Stieghorst on Twitter @tstravelweekly.