Travel and leisure booking platform Klook (KLK.US) applies for listing in the US, aims to raise 3-5 billion US dollars.

As the US federal government is expected to reopen, travel and leisure booking platform Klook Technology submitted its initial public offering (IPO) application to the US Securities and Exchange Commission (SEC) on Monday. According to sources, the company, which is supported by investors like SoftBank and Goldman Sachs Group, Inc., plans to list on the New York Stock Exchange with the stock code "KLK" and aims to raise $300 million to $500 million through the IPO. The final size and timing of the offering have not been determined yet, as per the filing by Klook. The company will issue American Depositary Receipts (ADRs) representing common stock. The documents show that Klook generated $407.4 million in revenue and incurred a net loss of $141.5 million in the first nine months of 2025. In comparison, the company had a revenue of $284 million and a net loss of $85.7 million in the same period last year. The net loss includes a fair value change loss of $126.2 million, primarily related to the increase in the valuation of convertible preferred shares, compared to $51.6 million in the same period in 2024. Founded in Hong Kong, China in 2014, Klook became a unicorn company in 2018. The company competes with global travel booking platforms like Booking, Expedia, Trip.com Group Ltd. Sponsored ADR, and Korea's Yanolja. In February of this year, Klook raised $100 million in funding led by Vitruvian Partners, bringing its total funding to over $1 billion. In the 12 months up to September, the Klook platform completed over 65 million bookings. Millennials and Generation Z young travelers make up about 70% of Klook's user base, with over 80% of orders coming from its mobile application. This makes social media an important channel for the company to acquire customers. Co-founder and president Eric Gnock Fah said in February, "Young users tend to prefer personalized travel experiences, which is Klook's core strength." The prospectus also indicates that co-founders and CEOs Ethan Lin and Eric Gnock Fah will collectively retain control of the company after the IPO.