Klook 客路，递交IPO招股书，拟赴美国上市，高盛、大摩、小摩、花旗等联席承销

Core Insights - Klook Technology Limited is planning an IPO on the New York Stock Exchange under the ticker symbol KLK, having filed its prospectus with the SEC on November 10, 2025, after a confidential submission on July 18, 2025 [2]. Business Overview - Klook is a regional experience platform aiming to build a digital infrastructure for the global experience economy, connecting travelers with a wide range of activities and services across over 4,200 destinations [6][8]. - As of September 30, 2025, Klook has listed approximately 310,000 experience offerings and facilitated over 65 million bookings in the past year [6]. - The company focuses on the "last mile" of travel bookings, providing instant confirmations and dynamic recommendations based on user interests and locations [8]. Market Position - Klook has become the largest regional experience platform in the Asia-Pacific region by gross transaction value (GTV) as of 2024, according to Euromonitor International [6]. - The platform's user base is primarily young, tech-savvy travelers, with over 70% of traffic coming from organic channels, indicating strong brand loyalty [10]. Financial Performance - Klook's revenue for the years 2022, 2023, 2024, and the first three months of 2025 were $129 million, $335 million, $417 million, and $407 million respectively, with corresponding net losses of $123 million, $142 million, $99 million, and $141 million [32]. - The company reported a gross profit of $172 million for the first half of 2025, with an operating loss of $9.8 million [35]. Shareholder Structure - The pre-IPO shareholder structure shows that Ethan Lin, through various entities, holds approximately 20.5% of the total shares, with significant stakes also held by investment funds affiliated with HSG (15.5%) and Softbank (11.1%) [12][13]. Management Team - The management team includes co-founders Ethan Lin (CEO), Eric Gnock Fah (President), and Bernie Xiong (CTO), all of whom have extensive backgrounds in investment banking and technology [19][20][21][22].