Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) stock was trading high today, just one day after the firm went on the public market. The company went public yesterday on the Nasdaq exchange at $19 per share, but its stock has soared today, reaching above $25 per share at the time of writing.
The company, which offers worldwide cruises on its 11 ships, stated that the purpose of the IPO was to reduce the company’s debt burden. The firm priced its IPO at the upper end of the range, but that was clearly too low as investors poured money into the stock this morning.
The...
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