Norwegian Cruise Lines Holdings Ltd. said Wednesday it will launch a secondary public offering of 20 million shares.
According to regulatory filings, the company plans a proposed maximum offering price of $30.65. The selling shareholders are Star NCLC Holdings Ltd., an affiliate of Genting Hong Kong; Apollo Global Management and TPG Global. Those shareholders will also give the underwriters a 30-day option to buy up to 3 million more shares.
After the offering of 20 million shares, public shareholders will hold about 23 percent of the corporation’s voting power; the three primary shareholders will have about 77 percent.
Norwegian sold 23.5 million shares in an initial public offering in January, raising nearly $447 million. For the secondary offering, the company said in filings it expects to raise nearly $705 million.