(MT Newswires) -- Viking, a cruise company, has filed for an initial public offering (IPO) as the travel industry gradually recovers from the negative impacts of the pandemic. The move is attracting particular attention as, until now, technology companies have largely dominated IPOs.
According to Bloomberg's Amy Orr, Viking's IPO is seen as an important test. It will test whether the market is ready to embrace companies from different sectors with enthusiasm. This diversification is welcome, especially after the mixed performance of some non-technology companies previously floated on the stock market.
Viking's IPO comes against a backdrop of impressive sales growth, with a 48% increase over last year. This performance suggests a strong recovery from the difficult period experienced by the travel sector during the pandemic.
The IPO market looks promising for the second quarter, with several companies preparing to go public. Optimism is high, with investors hoping that these new IPOs will be as successful as some technology companies, such as Reddit, which saw its IPO price more than double despite a subsequent decline.
