Regent Seven Seas and Oceania Cruises Parent Company Files for IPO

regent seven seas voyagerPrestige Cruise Holdings (PCH), parent company of Regent Seven Seas and Oceania Cruises,  filed a form S-1 registration with the U.S. Securities and Exchange Commission on Jan. 22.

Essentially, the S-1 filing is required for those companies who plan to sell shares of their stock publicly, per the Securities Act of 1933.

The S-1 provides basic information with respect to the company and its plans to sell securities. The link to the SEC site and the S1 is here:

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PCH said it planned to use net proceeds from the sale to repay debt and for future working capital.

However, the company did not say how much it plans to charge for shares, how many shares will be sold or what securities exchange it will use to list the shares for sale. That detail will come in future filings.

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PCH handles management of certain cruise assets for Apollo Global Management. PCH's chairman and CEO is Frank Del Rio, who founded Oceania.

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