![Viking, the biggest IPO of the year, caps off a big month for IPOs](https://news7g.com/wp-content/uploads/2024/05/106321833-1578287911845vikingskyintromsocopy-780x470.jpg)
Viking Holdings Ltd.’s IPO, which begins trading today on the New York Stock Exchange, will be the largest IPO of 2024 to date. The agreement has been increased several times. Bermuda-based Viking was initially looking to sell 44 million shares, then increased it to 53 million, finally settling for 64 million shares at $24, the highest in price negotiations of 21-25 USD. At that price, the cruise line raised $1.54 billion. Viking is just the biggest in an outstanding month. According to Renaissance Capital, 18 IPOs raised a total of $5.3 billion in April, the busiest month for IPOs since November 2021. Nine of them raised $100 million or more. up, led by Viking. However, it’s not exactly a month for celebration. The stock market had a miserable April, with the S&P 500 down 4% and, unsurprisingly, many recent IPOs also fell. The Renaissance Capital IPO ETF, a group of about 60 companies that have gone public in the past two years, fell 10% in April, but most of that ETF’s decline came from older IPOs like Kenvue, Coinbase and Roblox. All of the most recent, larger IPOs have remained above their initial offering prices. Recent IPOs (profits since IPO) Astera Labs + 135.4% Loar Holdings + 86.9% Reddit + 30.7% UL Solutions + 25.4% Centuri + 17.9% Ibotta + 16.2 % Rubrik + 0.1% “Despite some recent headwinds in the markets, gains from recent IPOs and news from our backlog give us optimism that the market 2024 IPOs will continue to normalize into the summer,” Renaissance Capital said in a statement. Rising demand for Viking, a consumer company, could bring cheer to some consumer brands Other pending IPOs include Chobani (yogurt and coffee), Liquid Death (water), Epic Games (video games), Harry’s (razor blades), Del Monte (canned fruit) and Panera Bread (restaurant chain).