Are you looking to invest in the latest IPOs and make some serious money? Well, look no further because we have the inside scoop on one of the biggest IPOs this year – Viking.
CNBC’s own Jim Cramer recently reviewed the IPO of Viking, a cruise line that made a splash with its market debut. Despite its high price tag, Cramer is willing to endorse this stock and believes it could be a major winner in the market.
What sets Viking apart from other cruise lines is its exclusive focus on luxury travelers. With no casinos and a ban on children, Viking targets a wealthy consumer base that is looking for unique and upscale travel experiences. From niche destinations like Iceland to Egypt, Viking offers a one-of-a-kind travel experience that many investors find appealing.
After pricing at $24 a share, Viking’s stock started trading at $26.15 and closed at $26.10 on its first day. The following day, the stock continued to climb, closing at $26.99. Cramer was particularly impressed by Viking’s margin expansion and sees promising growth potential despite some deceleration since the pandemic.
While Cramer would ideally like to see the stock price come down to align with its peers, he believes that Viking deserves a premium due to its strong brand, target audience, and clean balance sheet. He even recommends buying some stock at the current level, with confidence that Viking could outperform the competition in the long run.
So, if you’re looking for a unique investment opportunity in the cruise industry, Viking might be the perfect choice for you. Stay tuned for more expert insights and exclusive investment tips from Extreme Investor Network, your go-to source for all things money.
