On a Trip: Travel company kicks off HK listing

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By Jonathan Breen, Rashmi Kumar
08 Apr 2021

Trip.com Group has launched bookbuilding for its HK$10.5bn ($1.35bn) secondary listing in Hong Kong, testing investor appetite amid growing pains for the pandemic-hampered travel industry and as the performance of recent IPO debuts in the city fizzles.

Travel platform Trip is selling about 31.64m shares in the base offering at HK$333 each, meaning it could raise HK$10.5bn. While the price is fixed for local retail investors, international investors may be sold the stock at a higher price depending on demand. The proceeds from the listing will ...

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