On April 19, Ctrip officially landed in Hong Kong stock market. On the first day of listing, Ctrip opened 4.8% higher, with an opening price of HK $281 and a market value of more than HK $170 billion.
After auto home, Baidu and station B, Ctrip became the fourth company to return to Hong Kong stocks within this year.
According to previous reports, Ctrip group determined the final IPO price in Hong Kong as HK $268 per share, and the public offering in Hong Kong was over subscribed by 17.78 times.
The company expects the total proceeds to be about HK $8.478 billion,The proceeds will be used to expand one-stop travel services and improve the user experience.
According to the IPO documents disclosed by the Hong Kong stock exchange, the funds to be raised by Ctrip's return to Hong Kong for secondary listing will be mainly used for three purposes: providing funds for expanding Ctrip's one-stop travel service and improving user experience; It is used to invest in technology to consolidate Ctrip's leading market position in the field of products and services and improve business efficiency; For general company use.
Sun Jie, chief executive of Ctrip, said that Ctrip will invest in and expand the Asian tourism market this time. Sun Jie stressed that the return of a large number of Chinese capital stocks is a golden opportunity for Hong Kong, as well as a growth and shining point for Hong Kong's economic development.
Ctrip, founded in 1999 and listed on NASDAQ in December 2003, is now the second largest online travel service company in the world.
According to the financial report, Ctrip's revenue in 2020 was 18.3 billion yuan, which was sharply reduced by 49% year on year under the impact of the epidemic. Among them, the revenue of hotel reservation business was 7.1 billion yuan, a year-on-year decrease of 47%, and the annual revenue of traffic ticketing business was 7.1 billion yuan, a year-on-year decrease of 49%.
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