The sources say that Klook is clicking banks for public subscription

By Echo Wang and Julie Zhu

New York (Reuters) -Keel Il, a company for travel reservation services, rented investment banks to help arrange a possible initial public offer in the United States, according to two people knowing the matter.

Hong Kong -based company is working with the support of investors including the Softbank Group and Goldman Sachs Group, with bankers in Goldman and Morgan Stanley and JP Amorgani in selling stocks for the first time planned, and asked not to recognize this process.

They said that the deal could come early this year and collect about 500 million dollars, and they warned that the timing and the size of the deal are subject to the conditions of the market.

The American public subscription activity has gained momentum, supported by strong technical profits and signs of progress in commercial negotiations that restored the investor’s confidence.

Modern lists, including the encrypted currency exchange operator and the Figma Design Software, emphasize the rise in the market for the first time, which leads to the reversal of a period in the year in which the uncertainty about the policies of President Donald Trump’s tariff for new offers.

Klook, Goldman Sachs and Jpmorgan refused to comment. Morgan Stanley did not respond to the comment.

It was not immediately clear whether Klook would sell a share in public subscription, or whether he would be a sale or a mixture of the two.

Bloomberg News said earlier that the company was exploring the American public subscription.

Klook was founded in 2014, turned into a profitable in 2023. It provides various reservation services for travelers across a group of sites worldwide and competes with other international travel reservations sites such as Booking.com and Tripadvisor, as well as Chinese Trip.com and Yanolja in South Korea.

The company said in February that it raised $ 100 million in a financing tour led by the European investment company Vitruvian Partners, but it did not reveal its evaluation at that time. Among the other investors in Klook HSG, previously known as Sequoia Capital China.

(Bong Kong Edeng;