SoftBank-Backed Travel App Klook Is Said to Consider US Listing
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Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as $500 million, according to people with knowledge of the matter.
The company, which is backed by investors such as SoftBank Group Corp. and Goldman Sachs Group Inc., is working with financial advisers on the planned first-time share sale, said the people, asking not to be identified as the process is private. Klook may confidentially file an application in the US soon, the people said. An IPO could raise from $300 million to $500 million, they said.
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