Caocao Travel successfully listed on the main board of the Hong Kong Stock Exchange

On June 25, 2025, Caocao Travel was officially listed on the main board of the Hong Kong Stock Exchange with the stock code 02643.HK. The IPO issue price was HK$41.94 per share, with a global offering of 44,178,600 shares, and a net fundraising of approximately HK$1.718 billion. However, on the first day of listing, the stock price opened 14.76% lower, closing at HK$35.75 per share in the afternoon, and the market value shrank to 17.8 billion yuan, encountering a "cold reception" from the capital market.