Apollo-Backed Prestige Cruises Files For $250M IPO

Law360, New York (January 23, 2014, 3:23 PM EST) -- Private equity-backed cruise line Prestige Cruises International Inc. on Wednesday filed plans for an initial public offering of common stock in hopes of raising up to $250 million.

The Miami-based company, whose principal shareholder is New York-based private equity firm Apollo Global Management LLC, serves as a parent to luxury lines Oceania Cruises and Regent Seven Seas Cruises. Its filing with the U.S. Securities and Exchange Commission did not disclose how many shares it plans to sell or what exchange they will be listed on....
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