Klook Technology withdraws US IPO plans
Travel booking platform Klook Technology has withdrawn its US initial public offering plans amid ongoing market volatility. The company cited current market conditions and joins a growing list of firms deferring listings.
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Travel booking platform Klook Technology filed to withdraw its United States IPO plans on Friday morning amid choppy market conditions. The move shelves a debut originally filed in November last year.
Higher bond yields and geopolitical uncertainty have cooled equity listings in recent weeks. Klook joins other firms in deferring market debuts as volatile conditions curb investor appetite.
