Shares of Norwegian Cruise Line Holdings Ltd. NCLH, -12.78% tumbled 10.0% in morning trading Friday, after the cruise operator said its public offering of 47.58 million shares priced $30 a share. That price was 8.8% below Thursday’s closing price of $32.90. The share offering represents 15.1% of the shares outstanding as of Feb. 16. The company said it plans to use the proceeds from the offering to repurchase all of its subsidiary NCL Corp. Ltd.’s exchangeable senior notes due 2026 currently held by an L Catterton affiliate, with any remaining proceeds to be used for general corporate purposes. The company’s cruises remain suspended through May 31 as a result of the COVID-19 pandemic. Norwegian’s stock, which closed Wednesday at a one-year high, has rallied 12.6% over the past three months, while the S&P 500 SPX, +0.65% has gained 2.3%.