Norwegian Cruise Line, a third largest cruise line operator in North America, announced terms for its IPO on Tuesday. The Miami, FL-based company plans to raise $400 million by offering 23.5 million shares at a price range of $16 to $18. At the midpoint of the proposed range, Norwegian Cruise Line would command a fully diluted market value of $3.4 billion. Norwegian Cruise Line, which was founded in 1966 and booked $2.3 billion in sales for the 12 months ended 9/30/2012, plans to list on the NASDAQ under the symbol NCLH. UBS Investment Bank and Barclays are the joint bookrunners on the deal.
