Online travel agency Trip.com (NASDAQ: TCOM), is working on a secondary listing in Hong Kong that could raise at least USD 1 billion in the first half of this year, with investment banks CICC, Goldman Sachs, and JPMorgan as underwriters, 36Kr reported.
The Shanghai-based company already pondered a delisting from the US market since last year, amidst increased scrutiny and audit requirements from regulators and ongoing international tensions.
Trip.com by far isn’t the only US-listed Chinese company said to pursue a homecoming. Reports in early January were indicating that both search engine giant Baidu (NASDAQ: BIDU) and video streaming site Bilibili (NASDAQ: BILI) are preparing for Hong Kong IPOs this year.
This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.