Tongcheng preps shrunken $300m IPO, Babytree in tow

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Tongcheng preps shrunken $300m IPO, Babytree in tow

market fall 230x150

Online travel service provider Tongcheng-Elong Holdings is set to launch a truncated Hong Kong IPO on Tuesday after key comparable Ctrip’s stock price collapsed amid volatility last week, according to a source close to the deal.

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