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Online travel agency Ctrip plans secondary listing in HK
Chinese online travel agency Ctrip announced its decision to list on HKEX on April 7, according to a report by The Paper citing a term sheet released by the company. The company will offer over 31.64 million shares, including 2.21 million shares in Hong Kong, at a maximum price of HK$333 apiece, under the stock code 9961, according to its prospectus submitted to the HKEX. Ctrip passed the HKEX hearing for its offering, according to the HKEX on April 6. The proceeds will be used for investment in improving user experience and technology, among others, according to the documents. Ctrip's...
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