Who says Chinese companies no longer want to make blockbuster IPOs in the U.S.?
Not Klook Travel, a Hong Kong-based online travel agent, which is reportedly preparing to apply for a U.S. listing that could raise up to $500 million, Bloomberg reported on Thursday. If it materializes, such a deal could become the biggest listing by a Chinese firm on Wall Street this year, challenging premium milk tea chain Chagee (CHA.US), whose listing in April ultimately raised about $475 million.
Klook, whose name is a shortened form of “keep looking,” hasn’t commented on its fundraising plans, though its talkative co-founders have previously said they would like to list in Hong Kong or New York and could make such a listing at any time. Media reports, including the latest from Bloomberg, have previously said the company would like to raise anywhere between $300 million and $500 million.