Apollo Global Management, Genting’s Star NCLC Holdings and TPG Global have placed 20 million shares on the table.

The offering was priced at $59.25 per share, valuing the shares at $1.18bn.

Goldman Sachs is the sole underwriter for the offering, which is expected to close Wednesday.

In 2014, Genting’s shareholders authorised the board to sell its holding of 56.81m shares from time to time.