Smooth sailing for Norwegian Cruise Lines IPO
FORTUNE — This morning I appeared on CNBC to discuss the 2013 IPO market, including today’s successful listing for Norwegian Cruise Lines (NCLH).
Worth noting that NCL sold around a 50% stake in its business back in 2008 to Apollo Global Management and TPG Capital at a valuation of around $2 billion, with today’s IPO valuing the company at around $3.8 billion. And given that the stock had popped nearly 25% as of the time of this writing, the return multiple now stands at nearly 2.5x.
Below is the video, which also includes my thoughts on Twitter IPO timing: