Date
21 November 2017

Tuniu.com targets US$100 mln US listing, paper says

Domestic travel website tuniu.com is said to be planning to list in the United States to raise US$100 million, the National Business Daily reported Friday. It has reportedly appointed Credit Suisse and Morgan Stanley to handle the initial public offering. Unlike Ctrip.com and elong.com which specialize in hotel and ticket bookings, tuniu.com focuses on journey planning. It has secured several rounds of funding since 2009, from investors that include DCM, Gobi Partners, Sequoia Capital, Highland Capital Partners, and Tokyo-based internet services company Rakuten Inc. In the clearest sign of its listing intentions, tuniu.com has named Conor Yang, the architect behind the public offering of online shopping site dangdang.com, its chief financial officer, the report said.

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