China's Trip.com just went public, raising $1.1 billion on the Hong Kong stock market

Trip.com reported a net revenue of $770 million in Q4 2020


Alfred Lee

20 Apr, 2021

China's Trip.com just went public, raising $1.1 billion on the Hong Kong stock market | BEAMSTART News

China's Trip.com, one of the world's most popular online travel companies, has just gone public on the Hong Kong Stock Exchange (HKEX).

The company raised a total of $1.1 billion from the public offering, with shares priced at $34.49 per share. 

Trip.com's initial public offering in Hong Kong.

Trip.com makes it easy for people to plan trips

Trip.com provides an online platform for people to find and purchase cost-effective travel products/services, as well as obtain detailed information on travel-related offerings.

For the fourth quarter of 2020, Trip.com reported a net revenue of $770 million, a 40% decrease from the same period in 2019.

Trip.com's mobile app

Trip.com plans to capitalize on the post-pandemic recovery

With the new funds, Trip.com plans to expand its travel offerings, invest in technology and improve the platform's overall user experience as global travel begins to recover.

A portion of the funds will also go to supporting the company's general working capital.

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