Trip.com Group Limited (Trip.com Group, Stock Code: 09961.HK) succeeded in the secondary listing on the Main Board of the Hong Kong Stock Exchange on April 19, 2021, offering 31.6356 million shares globally at HKD 268 per share, raising net proceeds of approximately HKD 8.33 billion (without exercising the Over-allotment Option). J.P. Morgan Chase, China International Capital Corporation (CICC) and Goldman Sachs served as co-sponsors for the secondary listing of Trip.com Group, and Jingtian & Gongcheng's legal team served as the Chinese legal adviser to co-sponsors and the underwriter.
Trip.com Group was founded in 1999 and successfully listed on NASDAQ in 2003. As a world leading one-stop tourism platform, Trip.com Group provides a comprehensive suite of travel products, services and differentiated travel content, and operates a portfolio of brands, including Ctrip, Qunar, Trip.com and Skyscanner. It is currently the most well-known travel brand in China according to the report released by Analysys and has consolidated its market leadership over the past two decades. Trip.com Group has been the largest online travel platform in China over the past decade and the world's largest one from 2018 to 2020 in terms of GMV.
As the Chinese legal adviser to co-sponsors and the underwriter, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the listing of Trip.com Group, including conducting Chinese legal due diligence, analyzing and resolving critical legal issues and assisting in answering inquiries from the regulator, thus helping Trip.com Group complete its secondary listing quickly and efficiently.