By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Theindiabizz

Startup and Entrepreneurship Stories, as well as a Leadership Story

  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Search
More
  • Her Story
  • Interview
  • Art And Culture News
  • Women Power
  • cryptocurrency
  • current affairs
  • Investor Pitch Deck
  • List of Indian VCs
  • List Of Investors In India
  • pr-newswire
  • Press release
  • Raise fund
  • Submit Startup
  • Government
  • Economy
  • Entertainment
  • Sport
  • Property
Reading: Chinese travel platform Trip.com raises $1.1b via listing on Hong Kong exchange
Share
Notification Show More
Latest News
Top 10 Startup Tips for Founders: Building a Strong Foundation for Success
Top 10 Startup Tips for Founders: Building a Strong Foundation for Success
March 19, 2023
Top 5 Business Loan Providers in India: A Comprehensive Guide
Top 5 Business Loan Providers in India: A Comprehensive Guide
March 17, 2023
Simple Lifestyle Changes for a Healthier and Happier Life
Simple Lifestyle Changes for a Healthier and Happier Life
March 16, 2023
Travel Ideas for Beginners: Tips to Plan Your First Trip
Travel Ideas for Beginners: Tips to Plan Your First Trip
March 16, 2023
A new startup for corporate cards, with $157 million in equity and debt backing, is targeting competitors like Brex and Ramp.
A new startup for corporate cards, with $157 million in equity and debt backing, is targeting competitors like Brex and Ramp.
March 16, 2023
Aa
TheindiabizzTheindiabizz
Aa
  • Business
  • Politics
  • Funding
  • Health
  • Science
  • Fashion
  • acquisition
  • Agency news
  • Beauty Sector
Search
  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Have an existing account? Sign In
Follow US
Funding

Chinese travel platform Trip.com raises $1.1b via listing on Hong Kong exchange

Editor Desk
By Editor Desk Published April 19, 2021
Last updated: 2021/04/19 at 6:12 PM
Share
SHARE

Online travel platform Trip.com Group has listed on the Hong Kong Stock Exchange (HKEX) after raising about HK$8.5 billion (US$1.1 billion) from its public offering.

The company priced its stock at HK$268 (US$34.49) per share. JPMorgan Chase, China International Capital Corp., and Goldman Sachs are the joint sponsors for the listing.

Trip.com plans to use the proceeds from the public offering – worth about HK$8.33 billion (US$1.07 billion) – to expand its travel offerings, improve user experience, and invest in technology. It’s also looking to support general corporate and working capital needs.

The company provides cost-effective bookings for travel products and services by aggregating related information and resources. It also offers a transaction platform that consists of mobile apps, internet websites, and customer service centers.

- Advertisement -

“By being dual-listed in the US and Hong Kong, we are able to have a truly global offering that better reflects our international presence and outlook,” said Jane Sun, chief executive officer of Trip.com.

Trip.com’s shares in the US have increased by 4% this year, boosting its market capitalization to US$21 billion.

The firm’s listing comes after several US-listed Chinese companies, including Alibaba, JD.com, and Baidu, pursued secondary listings in Hong Kong amid rising political tensions between China and the US.

19
0