Viking Holdings Ltd. and its existing shareholders are seeking to raise as much as $1.1 billion in a New York initial public offering, with the cruise operator looking to go public as the travel industry rebounds from its pandemic-era slump.

The listing would capitalize on a rebound in travel after Covid brought tourism and outdoor events to an abrupt halt. Founded in 1997, Viking operates cruises around the world and has 92 vessels, Bloomberg News reported. It has more than 10,000 employees in over 90 countries.