Trip.com Launches Hong Kong Public Offering

SHANGHAI, April 7, 2021 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM) a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, yesterday announced the launch of its Hong Kong public offering which forms part of the global offering of 31,635,600 ordinary shares of the Company and listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “9961.”

The Company’s American depositary shares (the “ADSs”), each representing one ordinary share of the Company, will continue to be listed and traded on the Nasdaq Global Select Market (“Nasdaq”).

Investors in the offering will only be able to purchase shares and will not be able to take delivery of ADSs.

Upon listing of the ordinary shares on the Hong Kong Stock Exchange, the ordinary shares listed on the Hong Kong Stock Exchange will be fully fungible with the ADSs listed on Nasdaq.

The Offering initially comprises 2,214,500 offer shares under the Hong Kong Public Offering and 29,421,100 offer shares for the international offering representing approximately 7% and 93% of the total number of offer shares initially available under the Global Offering.

The offer price for the Hong Kong Public Offering will be no more than HK$333.00 per Offer Share or US$42.95, per ordinary share (equivalent to US$42.95 per ADS).

The Company plans to use the net proceeds from the offering to fund the expansion of its one-stop travel offerings and improve user experience, invest in technology to bolster its leading market position in products and services and improve its operating efficiency, and for general corporate purposes and working capital needs.