APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Tongcheng Travel Holdings  / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/27363" target="_blank" data-smartkarma-citation="entities:27363:1">Tongcheng-Elong Holdings Ltd (1629482D HK)</a> filed its draft prospectus in Hong Kong in June and is looking to raise about US$1.5bn in its upcoming IPO. The combined entity of Tongcheng-eLong has grown its revenue and gross profit by 80% and 119% CAGR respectively from FY2015 to FY2017 and has turned profitable in the FY2017. The company should be able to hold its fort against competition based on its stable market share over the past three years despite intense competition. Coupled with the fact that the company leverages Tencent's WeChat network, the company is a force to be reckoned with.In this insight, we will have a brief walkthrough of the app, look at the company's history, present its financial and operating metrics, and compare the valuation of other online travel agency (OTA) peers. We will also highlight some questions for the management team.

Tongcheng-Elong Holdings Ltd (1629482D HK) filed its draft prospectus in Hong Kong in June and is looking to raise about US$1.5bn in its upcoming IPO. The combined entity of Tongcheng-eLong has grown its revenue and gross profit by 80% and 119% CAGR respectively from FY2015 to FY2017 and has turned profitable in the FY2017. The company should be able to hold its fort against competition based on its stable market share over the past three years despite intense competition. Coupled with the fact that the company leverages Tencent's WeChat network, the company is a force to be reckoned with.In this insight, we will have a brief walkthrough of the app, look at the company's history, present its financial and operating metrics, and compare the valuation of other online travel agency (OTA) peers. We will also highlight some questions for the management team.

Tongcheng-ELong (同程艺龙) Pre-IPO Review - A Force to Be Reckoned With

China

Tongcheng Travel Holdings Limited operates as an online travel agency. The Company provides transportation ticketing, accommodation reservation, value added travel products sales, and other services. Tongcheng Travel Holdings provides its services throughout China.

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Tongcheng Travel Holdings (780 HK)

Tongcheng-ELong (同程艺龙) Pre-IPO Review - A Force to Be Reckoned With

Tongcheng-Elong Holdings Ltd (1629482D HK) filed its draft prospectus in Hong Kong in June and is looking to raise about US$1.5bn in its upcoming...

Zhen Zhou, Toh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)