TCOM - Trip.com launches 2.2M shares in Hong Kong public offering

Trip.com ([[TCOM]] -3.7%) launched its Hong Kong public offering of 2.21M shares at HK$333/share ($42.95/share) and 29.4M shares for international offering (total global offering of 31.6M shares); plans to list shares on Hong Kong stock exchange under the symbol, "9961".International offer price will be set on or about Apr.13.The company's ADS (each representing one share) will continue to be listed on the Nasdaq.Offer investors will only be able to purchase shares and will not be able to take delivery of ADSs; after the Hong Kong listing, shares listed on that exchange will be fully fungible with the Nasdaq listed ADSs.Underwriters to be granted option for additional 4.7M shares in international offering.Net proceeds to be used for funding 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.The Hong

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Trip.com launches 2.2M shares in Hong Kong public offering