Trip.com Group is officially listed on the Hong Kong Stock Exchange on 19 April. This is the first global travel group with dual listing on the Hong Kong Stock Exchange and the NASDAQ Stock Exchange in the US.
Trip.com shares are traded under stock code 9961.HK at the price of 268 HKD on the Hong Kong Stock Exchange.
The group held a listing celebration ceremony at its headquarters in Shanghai.
Speaking at the ceremony, James Liang, Co-Founder and Chairman of the Board, Trip.com Group, recalled the company’s 22-year development journey, from its inception to becoming a provider of leading travel service platforms with hundreds of millions of users worldwide today.
Jane Sun, CEO of the group said: “By being dual-listed in the US and Hong Kong, we are able to have a truly global offering that better reflects our international presence and outlook.”
The group plans to use its net proceeds from listing to expand its one-stop travel services and improve customer experience, invest more in technology, improve operating efficiency, and for other general purposes of the corporation and working capital needs.
Trip.com also intends to boost its content ecosystem and marketing capabilities for partners by launching a new travel marketing strategy that allows suppliers to expand and enhance their marketing activities on Trip.com platforms.