据美国证券交易委员会（SEC）官网，总部位于中国香港和新加坡的旅游预订公司Klook Technology Limited（下称"客路"）日前向SEC递交了IPO（首次 公开募股）文件，股票代码KLK，拟在纽交所上市，高盛、摩根士丹利、摩根大通担任联席承销商。同时，花旗集团、瑞穗证券、RBC资本市场、 Oppenheimer & Co.和Wedbush也将作为联合簿记行参与此次发行。 虽然客路未在这份招股书中披露发行ADS的数量及招股价范围，不过据彭博社今年7月份的报道，客路的美股IPO融资或达5亿美元（约合人民币35.5亿 元）。若按照此规模顺利上市，将打破霸王茶姬今年4月募资约4.11亿美元的纪录，成为今年中国企业在美最大规模IPO。 每经记者｜蔡鼎 每经编辑｜段炼 陈俊杰 客路由林照围、王志豪和熊小康于2014年5月在香港联合注册创立，定位为移动端首选的旅行体验预订平台。客路总部位于新加坡和中国香港，提供全球 2700多个目的地、逾50万个商品及服务，包括热门景点、一日游、独特体验到当地交通、饭店住宿、租车等。截至2025年9月30日，客路在18个市场设有 25个办公室，1944名员工分布在全球各地。 ...

当地时间11月10日，客路旅游科技有限公司控股公司Klook Technology Limited(以下简称：客路)公开向美国证券交易委员会(SEC)递交IPO，拟KLK为股票代 码，申请纽交所上市。该公司最早于2025年7月18日向SEC递交了秘密申请。 招股书暂未披露发行量及价格信息。 客路是一家专注于全球旅游、住宿及玩乐体验预订的旅游预订平台，提供涵盖景点门票、酒店预订、交通票券、一日游等一站式旅行服务。截至2025年9月 30日，其业务涵盖全球4200个目的地的31余万种旅游活动。 2013年1月28日，成立了深圳雄狮天下旅行社有限公司; 2014年3月，成立了Klook Technology Limited(开曼); 2014年5月2日，成立了客路旅游科技有限公司(HK); 2014年11月20日，成立了深圳市客路网络科技有限公司; 2016年2月，成立了Klook Travel Technology Pte.Ltd.(新加坡) 2016年1月13日，成立了北京客路网络科技有限公司; 2016年2月26日，成立了深圳市趣游玩旅行社有限公司; 2016年2月，成立了Klook Travel Taiwa ...

智通财经APP获悉，在美国联邦政府有望重新开门之际，旅游与休闲预订平台Klook Technology周一向 美国证券交易委员会(SEC)提交了首次公开募股(IPO)申请。据知情人士透露，这家获得软银(SFTBY.US) 和高盛(GS.US)等投资者支持的公司计划在纽约证券交易所挂牌上市，股票代码为"KLK"，拟通过IPO 募资3亿至5亿美元。 根据Klook提交的文件，发行的最终规模与时间尚未确定。Klook将发行代表普通股的美国存托凭证 (ADR)。文件显示，截至2025年前九个月，Klook实现收入4.074亿美元，净亏损1.415亿美元。相比之 下，去年同期收入为2.84亿美元，净亏损8570万美元。该净亏损包含1.262亿美元的公允价值变动损失， 主要与可转换优先股估值上升有关，而2024年同期该项损失为5160万美元。 Klook于2014年在中国香港创立，并于2018年成为独角兽企业。该公司与Booking(BKNG.US)、 Expedia(EXPE.US)、携程及韩国的Yanolja等全球旅游预订平台竞争。 今年2月，Klook完成由Vitruvian Partners领投的1亿美元融资，使 ...

格隆汇11月11日｜旅游及休闲预订平台Klook向美国证券交易委员会递交首次公开招股申请，计划于纽 约证券交易所上市，拟集资3亿至5亿美元，将用于收购与策略性投资、营运资金及日常开支。Klook的 主要投资者包括日本软银集团及高盛。文件显示，Klook将发行代表普通股的美国存托凭证(ADR)。根 据文件，Klook于2025年首九个月录得收入约4.1亿美元，净亏损约1.4亿美元，去年同期亏损8570万美元 亏损。 ...

Core Insights - Booking Holdings reported a strong third-quarter performance with a 13% year-over-year increase in revenue to $9.01 billion, exceeding analyst expectations of $8.73 billion [1] - Adjusted earnings per share rose by 19% year-over-year to $99.50, also surpassing the forecast of $95.85 [1] - Total bookings reached $49.7 billion, higher than the market expectation of $47.9 billion, with room nights increasing by 8% to 323 million [1] Q4 and Full Year Outlook - For the fourth quarter, the company anticipates room night growth of 4% to 6%, compared to the market expectation of 5.7% [1] - Revenue growth for Q4 is projected at 10% to 12%, slightly below the market expectation of 11.5% [1] - For the full year, the company expects room night growth of approximately 7%, exceeding the market expectation of 6.7% [1]

Core Viewpoint - The article highlights the manipulation of hotel prices on travel booking platforms, driven by an algorithmic tool called "Price Adjustment Assistant," which undermines the pricing autonomy of small and medium-sized businesses while consolidating the market power of these platforms [2][5][8]. Group 1: Price Fluctuations and Consumer Experience - Consumers have reported erratic price changes on booking platforms, leading to suspicions of unfair practices [3][4]. - Many users feel that the price variations do not align with market demand, and some have expressed frustration over not receiving the expected value for their expenditures [3][4]. - Hotel operators have also experienced unexpected price adjustments made by platforms, which they claim result in financial losses [4][5]. Group 2: Impact on Small and Medium-Sized Businesses - The "Price Adjustment Assistant" tool allows platforms to automatically modify hotel prices without notifying the operators, impacting their business operations [4][5]. - Some hotel owners have reported that their prices are adjusted to be lower than competitors, often without their consent, which can lead to unsustainable business practices [4][6]. - The platforms' commission rates, typically ranging from 10% to 15%, further exacerbate the financial strain on these businesses [6][8]. Group 3: Regulatory Concerns and Market Dynamics - Regulatory bodies have begun to take action against platforms like Ctrip for violating e-commerce laws and engaging in unfair competition practices [5][8]. - The article discusses the dual role of platforms as both arbiters and participants in the market, which creates a conflict of interest and can lead to market chaos [7][8]. - Experts suggest that new regulations aimed at curbing unfair competition will take effect soon, which may help restore balance in the market [8][9]. Group 4: Recommendations for Improvement - Industry experts recommend that regulatory authorities conduct audits of platform algorithms to ensure compliance with market regulations and to understand the extent of data manipulation [9]. - There is a call for platforms to enhance user experience while also addressing the legitimate concerns of small and medium-sized businesses [8][9].

Group 1 - Klook, a travel booking platform based in Hong Kong, is planning to conduct an IPO in the US with a target fundraising of approximately $500 million, depending on market conditions [1] - The company was founded in 2014 by three individuals with backgrounds in investment banking and technology, including Lin Zhaowei and Wang Zhihao, who have experience in major banks [1] - Klook offers a platform for travelers to book various local experiences and travel services, covering over 400 destinations and providing more than 100,000 local activities, including tickets, tours, and transportation [3] Group 2 - Klook was valued at 12 billion RMB and ranked 680th on the 2024 Hurun Global Unicorn List [4] - The company has raised over $1 billion in multiple funding rounds, with investors including SoftBank, Sequoia, and several major banks [4]