Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Norwegian Cruise Line jumps in 1st day of trading
Friday - 1/18/2013, 3:54pm EST
NEW YORK (AP) - Shares of Norwegian Cruise Line shares skyrocketed in its first day as a publicly traded company.
The cruise operator's stock gained $5.79, or 30.5 percent, to close at $24.79 on Friday. It opened at $25.10, 32 percent above the $19 offering price.
The pricing of Norwegian Cruise Line Holdings Ltd.'s initial public offering of about 23.5 million shares came in 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. The company said in a regulatory filing that it plans to use the offering's net proceeds to redeem or prepay outstanding debt as well as pay expenses related to the IPO.
Norwegian is giving the underwriters a 30-day option to buy up to an additional 3.5 million shares.
For the 12 months ended Sept. 30, the Miami company's net income was $165.6 million on revenue of $2.26 billion.
It is trading on the Nasdaq Global Select Market under the "NCLH" ticker symbol.
Norwegian sails its 11 passenger vessels on routes through the Atlantic, the Pacific, the Caribbean, the Mediterranean and the Baltic.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)