The Norwegian cruise line says it plans to raise $200 million in its next round of financing, including from a Chinese venture capital firm.
The stock will be the biggest U.S. IPO in history, topping $300 million, according to The Wall Street Journal.
The move comes as the company tries to regain investor confidence following a series of embarrassing mishaps.
The Norwegian operator of luxury cruises says it will use the cash to improve operations and expand its network of luxury vacation destinations.
Norwegian Cruise Holdings said Thursday it expects to raise between $200 and $300 in a new round of funding, including a $250 million loan from China’s Tencent.
It is one of the largest international cruise lines in the world.
Its stock has soared over the past year as its share price has risen more than 50% since the company announced in October that it was planning to launch a new line in 2021.