Norwegian Cruise Line jumps in 1st day of trading

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Associated Press

Posted on January 18, 2013 at 9:00 AM

Updated Friday, Jan 18 at 10:01 AM

NEW YORK (AP) — 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.

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