Klook Technology withdraws US IPO plans amid market volatility

Klook Technology, a Hong Kong-based travel booking platform, filed to withdraw its US initial public offering plans on October 16, 2026. A company spokesperson stated that current market conditions made it unsuitable to proceed with the IPO. Klook Technology had previously disclosed 24 per cent revenue growth in 2024 to US$417.1 million. The company was aiming to list its shares on the NYSE.

The withdrawal reflects broader market caution regarding new listings, driven by higher bond yields, a prolonged restrictive policy outlook, and geopolitical uncertainty. Klook Technology joins other companies, such as Oura, that have deferred their IPO plans this year. This trend indicates reduced investor appetite for new public offerings in the US market.