Trip.com Group has become the first global travel group to be dual-listed on both the Hong Kong Stock Exchange and the US NASDAQ stock exchange.
The company opened for trading under Stock Code 9961.HK on April 19, and celebrated the milestone with a ceremony at its Shanghai headquarters, led by chairman of the executive board James Liang and CEO Jane Sun and attended by other key stakeholders, investors, guests, staff and media representatives.
In his address, Liang recalled the company’s progress from 1999 to 2021, during which it grew from 784 registered users on a single platform at its inception to now owning and operating a range of leading travel services platforms with hundreds of millions of users worldwide.
Sun said being dual-listed in the US and Hong Kong allows Trip.com Group “to have a truly global offering that better reflects our international presence and outlook”.
Trip.com Group plans to use the net proceeds from the listing to fund the expansion of its one-stop travel offerings and improve user experience, invest in technology to bolster its leading market position in products and services and improve its operating efficiency, and for general corporate purposes and working capital needs.