Viking has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission, which will review a proposed initial public offering.
The number of ordinary shares that would be offered and the price range for the proposed offering have not been determined. The initial public offering is expected to occur after the SEC completes its review process, subject to market and other conditions.
The SEC in 2017 began allowing companies to submit a confidential IPO plan, giving companies more flexibility to plan their offerings and to reduce the potential for lengthy exposure to market fluctuations that can adversely affect an offering.