Going places: An employee monitors the online traffic of Trip.com in Shanghai. Its US shares have risen 4% this year, giving the firm a market capitalisation of US$21bil. ─ Bloomberg
HONG KONG: Online travel platform Trip.com Group Ltd is telling prospective investors it plans to price its Hong Kong second listing at HK$268 per share, on track to raise about US$1.09bil (RM4.51bil), according to people familiar with the matter.
The price represents a discount of about 2% to Trip.com’s closing price of US$35.20 on Monday on the Nasdaq, the people said, asking not to be identified as the information isn’t public. The company is offering 31.6 million shares in the Hong Kong share sale. It has set a maximum price of HK$333 for the portion of the deal reserved for retail investors.
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