Klook Withdraws U.S. IPO, Citing Market Conditions
The travel platform said volatile markets made it the wrong time to list, even as bookings are on track to top 80 million this year.
6 Articles
6 Articles
Klook Withdraws U.S. IPO, Citing Market Conditions
Klook may have pulled its IPO, but the pitch hasn’t changed. Experiences are still one of the least digitized parts of travel, and that’s a lot of runway. The catch? Viator, GetYourGuide and the OTAs know it too, and Klook needs to move fast before they close the gap.
On Friday, Klook Technology applied for withdrawal of its first year plans in the United States, passing the decision to financial market volatility. A spokesperson for Reuters said: Under current market conditions, Klook decided that the time was not right to proceed with the initial public presentation, and we will continue to assess the timeliness of [...] the flight booking platform Cluck withdraws its application for inclusion in the United…
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