Overview
- The Hong Kong-based platform applied to list American depositary shares on the NYSE and named Goldman Sachs, J.P. Morgan and Morgan Stanley as lead underwriters.
- Klook reported a net loss of $141.5 million on $407.4 million of revenue for the first nine months of 2025, including a $126.2 million non-cash loss from fair value changes in preferred shares.
- Proceeds are earmarked for acquisitions and strategic investments as well as working capital and operating expenses.
- People familiar with the deal say the offering could raise roughly $300 million to $500 million, with size and timing yet to be determined during the SEC review.
- The company, founded in 2014 and backed by investors including SoftBank, competes with Booking Holdings, Trip.com and Expedia and serves a predominantly mobile-first, younger customer base.