Caocao Travel starts IPO process and will be listed on the Hong Kong stock market on June 25

Cao Cao Travel announced the launch of the IPO process and plans to be officially listed on the main board of the Hong Kong Stock Exchange on June 25. The total amount of funds raised is expected to reach HK$1.853 billion, and the company's valuation is approximately HK$22.823 billion. According to the announcement, Cao Cao Travel plans to offer 44.1786 million shares globally, with an offering price of HK$41.94 per share, including 4.4179 million shares for public offering in Hong Kong and 39.7607 million shares for international offering.