Hong Kong-based travel company Klook Travel Technology Ltd. plans to raise up to $500 million in an IPO in the United States. This is reported by foreign media.
Klook, controlled by SoftBank Group Corp. and Goldman Sachs Group Inc., is working with financial advisors to apply to the American stock exchange.
Earlier, Klook raised $100 million in a financing round managed by Vitruvian Partners, increasing the total amount of funds raised to more than $1 billion. HongShan Capital Group (formerly Sequoia Capital China) is also an investor in Klook.
Klook competes with other global travel booking sites, including Booking. com and Expedia, as well as Chinese Trip. com and South Korean Yanolja.
Klook is an online travel company serving the international travel market. The company provides services for booking tickets for tours and excursions to tourist attractions. The headquarters is located in Hong Kong.
Read also in our Telegram channel "Mergers and acquisitions. AK&M».
