Trip.com set to raise US$1.1 billion in Hong Kong secondary listing at HK$268 per share

Trip.com has priced its Hong Kong initial public offering at HK$268, a 2 per cent discount to its New York closing price overnight, which will see it raise about US$1.1 billion, below its initial target. The Shanghai-based travel company is selling 31.6 million shares ahead of its secondary listing on the Hong Kong bourse. It had originally marketed the deal to investors at a maximum price of HK$333 per share. Trading on the main board is scheduled for next Monday.The decline in its American…

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