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Trip.com Seeks Up to $1.4 Billion Hong Kong Second Listing
Bloomberg 2 hrs ago Julia Fioretti © Photographer: S3studio/Getty Images AsiaPac Hong Kong, Hong Kong - JULY 30: A smart phone with the travel app Trip.com is seen on the screen in Hong Kong, Hong Kong, on July 30, 2018. (Photo by S3studio/Getty Images)
(Bloomberg) Online travel platform Trip.com Group Ltd. is seeking to raise as much as HK$10.5 billion ($1.4 billion) in a Hong Kong second listing, adding to the growing cohort of U.S.-traded Chinese companies selling shares in the Asian financial hub.
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Nasdaq-listed Trip.com is offering 31.6 million shares, according to a statement Wednesday. It has set a maximum price of HK$333 for the portion of the deal reserved for Hong Kong retail investors. That price translates into more than a 6% premium to the company’s closing price in New York on Tuesday, prior to the announcement.
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