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Ctrip's second listing in Hong Kong locks 268 Hong Kong dollars, raising at least 8.3 billion Hong Kong dollars

via:博客园     time:2021/4/14 8:20:24     readed:149

Surging journalist Tang yingying

On April 13, Ctrip Group Co., Ltd. (Ctrip, NASDAQ: TCOM; 09961. HK) announced the final offering price for its second listing in Hong Kong. The international offering price and Hong Kong offering price were locked at HK $268 per share, with a total of 31.6356 million common shares issued. If other factors are not taken into account, Ctrip's return to Hong Kong for listing will raise at least HK $8.3 billion.

Ctrip Hong Kong stock is expected to be officially listed on the Hong Kong stock market on April 19.

According to the IPO documents previously disclosed by the Hong Kong stock exchange, the funds to be raised by Ctrip's second listing in Hong Kong will be mainly used for 3 They are: to provide funds for expanding Ctrip's one-stop travel service and improving user experience; to invest in technology to consolidate Ctrip's leading market position in the field of products and services and improve operational efficiency; and to be used for general company purposes.

Guotai Junan Securities has previously released a research report that it is estimated that Ctrip will sell 5.72% of diluted shares in the world. However, although the dilution effect of the global offering is a negative factor for current shareholders, Ctrip's secondary listing in Hong Kong is of strategic importance and can significantly reduce the risk brought by the possibility of being forced to delist from NASDAQ.

The research report released by China Thailand International believes that in the medium and long term, with the recovery of the tourism industry, Ctrip can rely on its leading position in China's outbound travel market and pass the Trip.com And skyscanner's international market expansion to enhance its market share in the industry.

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