norwegian cruise line

In a statement, Norwegian said it withdrew its prior S.biz1 registration under NCL Corporation Ltd., and that Norwegian Cruise Line Holdings Ltd. will be the name of the new parent company upon completion of the offering.

Norwegian Cruise Line files for an IPO .biz again?cruise compa,Norwegian Cruise Line, the smallest of the three major North American cruise brands, has filed to become a public company again.

Many of Norwegians top executives were replaced and the new management made sweeping changes to the lines itineraries, onboard service and amenities. One the most extreme was the downsizing of Norwegians once four.bizship strong Hawaii program, a money.bizlosing operation that is now down to one vessel, the Pride of America.

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Under a new parent company name, Norwegian Cruise Line Holdings Ltd., the company filed for an initial public offering in the United States, nine months after it filed an IPO as NCL Corporation Ltd., with an offering of up to $250 million in shares.

Norwegian is privately owned by Asian cruise and gaming company Genting HK (which has a 50% stake) and two financial firms, Apollo Management (37.5%) and TPG Capital (12.5%).

The cruise line, r smaller than North Americas two largest cruise companies, Carnival Corp. and Royal Caribbean Cruises Ltd., has undergone major changes since Apollo purchased it in 2008.

PREVIOUSLY: Norwegian Cruise Line files to sell shares to the public

Intodays filing, called an S.biz1 registration, Norwegian said that it expects to list its shares on NASDAQ under the symbol NCLH, and that it intends to use the proceeds from the share sale to pay down some of its debt.

Norwegians first filing for an IPO came last October, tcruise companieshe day after it announced anew, two.bizship order for delivery in 2013 and 2014 that will expand its capacity by more than 30%.

This item was written by Johanna Jainchill, who covers cruising for Travel Weekly. Jainchill is serving as Guest Editor of The Cruise Log while USA TODAY Cruise Editor Gene Sloan is away.