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3h ago

Klook Files for U.S. IPO, Targets NYSE Listing as 'KLK'

The SoftBank-backed travel platform cites accelerating growth to tap resurgent investor appetite for listings.

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A Wall Street sign is seen in Lower Manhattan in New York, January 20, 2016. Wall Street moved deep into the red on Wednesday, with the S&P 500 hitting its lowest since February 2014 and extending this year's selloff as oil prices continued to plummet unabated. REUTERS/Mike Segar
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Overview

  • Klook disclosed 2024 revenue of $417.1 million, up 24.4% from 2023, in its F-1 filing.
  • Goldman Sachs, Morgan Stanley and J.P. Morgan are named among the lead underwriters.
  • The company has not yet set the number of shares or the price range for the offering.
  • The plan comes as the U.S. IPO market shows renewed momentum on equity gains and rate cuts, though a prolonged government shutdown has caused delays that could affect timing.
  • Backed by SoftBank, Klook raised $100 million in February from Vitruvian Partners and competes with Booking.com, TripAdvisor, Trip.com and Yanolja.