Travel Platform Klook Withdraws US IPO Plans Due to Market Volatility

Online travel booking platform Klook Technology withdrew its initial public offering plan in the United States on October 16 due to volatile financial markets and cautious investor sentiment. A representative for the Hong Kong-headquartered company stated that current market conditions are not the right time for an IPO and that the firm will continue to assess the feasibility of listing at a more appropriate time.

Founded in 2014, Klook previously filed for an IPO with the U.S. Securities and Exchange Commission in November 2025 with plans to list on the New York Stock Exchange under the ticker symbol KLK, aiming to raise approximately $300 to $500 million. The decision to withdraw follows a recent slowdown in US IPO activity, driven by rising bond yields, geopolitical uncertainties, and the prospect of continued tight monetary policy that have made investors more cautious about new stock issuances.

In its previous IPO filing, Klook reported a 2024 revenue of $417.1 million, marking a 24 percent increase over the previous year. The company also raised an additional $100 million in a February 2025 funding round led by Vitruvian Partners, with Goldman Sachs, Morgan Stanley, and JPMorgan selected to underwrite the issuance.

Despite withdrawing its US stock market listing plans, Klook noted that its business continues to grow. The company expects the total number of travel experiences booked through its platform to exceed 80 million in 2026.