Asia-based experiences platform Klook is moving towards an initial public offering (IPO).
The company filed with the U.S. Securities and Exchange Commission and applied to list on the New York Stock Exchange under the ticker symbol "KLK."
The number of shares and the price range for the offering have not been announced.
In February, Klook landed US$100 million in funding from Vitruvian Partners to extend its reach across Asia Pacific and beyond, as well as to attract younger travellers.
The move marks a strategic shift from late 2024, when Klook CEO Ethan Lin told PhocusWire that the company wasn't prioritising an IPO due to the amount of preparation it requires.
However, Lin added, "Whether IPO happens or when, that's more a market question. You need to be a certain size, in the few billion range is a good size. You're scalable, you still have a high growth rate, and then it really depends on whether it's the right market.”
Earlier this year, investors were uncertain about the travel IPO market in 2025 but noted that the U.S. was showing a distinct improvement, with IPO proceeds rising 75% year over year in 2024.
"The U.S. markets have experienced a favourable uptick, partly related to the new administration and a more recent reversion. The bankers are certainly making the rounds to tee-up the most promising companies to access the public markets," Fritz Demopoulos, founding partner of venture capital firm Queen's Road Capital, told PhocusWire in April.
Source: PhocusWire