Top Stories

Trip.com up more than 4% in Hong Kong IPO, bullish on China travel in May

0


Online travel agency Trip.com made a strong debut in Hong Kong on Monday, with shares rising around 4.55% from their issue price.

The China-based company now joins other U.S.-listed Chinese tech heavyweights such as Alibaba, JD.com and Baidu that have returned closer to home via secondary offerings in Hong Kong. It priced its initial public offering at 268 Hong Kong dollars per share, and raised 8,478 million Hong Kong dollars ($1.09 billion) assuming the over allotment option is not exercised.

The secondary listing comes as Chinese tech companies continue to face the threat of being delisted in the U.S., clouding investor sentiment.

This May holiday we already have … some of the…



Source cnbc.com

Stock futures dip after Dow, S&P 500 close at record highs

Previous article

Images and video of NASA helicopter Ingenuity flying on Mars

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Top Stories