The Rise of the Emerging Market Traveler Sponsored This content is created collaboratively with one of our sponsors.
Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
It has taken a while for Norwegian to come to this point in its IPO process, but looks like it is ready to go public sometime early this year.
Norwegian Cruise Line Holdings, the smallest of the big three North American cruise lines, is finally close to its market debut, as it filed an updated S-1 filing with SEC last week outlining more details. It has been working with UBS, Goldman Sachs and Barclays since it first filed for Nasdaq listing in 2011, but the latest fling says it has added more, including Deutsche Bank, Citigroup, JP Morgan and HSBC.
It is still raising $250 million with this IPO but no share price has been set yet. For its year ending Sep 2012, it has total revenues of $2.26 billion, with net income of $165.6 million (click for full chart):
Meanwhile, the total compensation of its top management, widely credited with engineering its turnaround since Genting HK, Apollo & TPG purchased it in 2008, has seen a decline over the last three years, a rarity in corporate land these days. From the amended S-1, the comp table (click for full chart):