Reuters: IPOX® Vice President Kat Liu Comments on Klook’s U.S. IPO Filing

Reuters reported that SoftBank-backed Klook Travel Technology Ltd has filed for a U.S. IPO after posting a 24% revenue increase in 2024, driven by the continued recovery of the global travel sector. The Hong Kong-based online travel booking platform recorded $417.1 million in revenue in 2024, compared with $335.2 million the previous year, as it prepares to list on the New York Stock Exchange under the symbol “KLK.”

In the article, IPOX® Vice President Kat Liu provided insights into Klook’s market positioning and the broader opportunities within the travel experiences industry, stating:

“Klook has real upside. The experiences part of travel is still underpenetrated compared to flights and hotels. Being mobile-first, with deal and ticket mentality suits younger travelers and spontaneous bookings, its Asia-Pacific supply density is a clear advantage.”

Liu also cautioned that challenges remain in the category, referencing “thinner margins, more fragmented supply and more volatile take rates.”

Read the full article by Prakhar Srivastava on Reuters: Travel booking platform Klook reveals robust revenue growth in US IPO filing