Trip.com sets shares at HK$333 each at top end of price range as it kicks off US$1.4 billion secondary listing amid signs of a slow recovery in tourism

Trip.com has set its secondary listing at the top end of a range, offering its shares at HK$333 (US$42.95) each as it aims to raise US$1.4 billion in Hong Kong amid tentative signs of a slow recovery in leisure travelling.The top end of its price range in Hong Kong translates to an 11 per cent premium to Trip.com’s closing price of US$38.81 at its primary listing venue on the Nasdaq market. The Shanghai-based company is selling 31.6 million shares in its Hong Kong initial public offering (IPO),…

Trip.com sets shares at HK$333 each at top end of price range as it kicks off US$1.4 billion secondary listing amid signs of a slow recovery in tourism
Trip.com has set its secondary listing at the top end of a range, offering its shares at HK$333 (US$42.95) each as it aims to raise US$1.4 billion in Hong Kong amid tentative signs of a slow recovery in leisure travelling.The top end of its price range in Hong Kong translates to an 11 per cent premium to Trip.com’s closing price of US$38.81 at its primary listing venue on the Nasdaq market. The Shanghai-based company is selling 31.6 million shares in its Hong Kong initial public offering (IPO),…