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Chinese lodging platform Tujia sets sights on IPO, CEO says

03/04/2019| 9:26:11 AM|

The platform's trading volume is expected to double this year annually, and losses are expected to narrow to one-third of that of 2018.

Lodging platform Tujia, known as China's discount version of Airbnb, could go public in the near future, according to an interview with its head.

Tujia Online Information Technology is preparing for an initial public offering, the Beijing-based firm's Chief Executive Yang Changle told Chinese financial news outlet 21st Century Business Herald. "Going public is possible and it won't be far away," he said, adding that an overseas listing would be preferred.

The platform's trading volume is expected to double this year annually, and losses are expected to narrow to one-third of that of 2018, Yang said without releasing financial data for last year.

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TAGS: Tujia | IPO
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