SHANGHAI, Sept. 27, 2019 /PRNewswire/ -- Ctrip.com
International, Ltd. (Nasdaq: CTRP) ("Ctrip" or the "Company"), a
leading provider of online travel and related services, including
accommodation reservation, transportation ticketing, packaged tours
and in-destination services, corporate travel management, and other
travel-related services, today announced that the secondary
offering of an aggregate of 31,304,352 American depositary shares
("ADSs"), each representing 0.125 ordinary share of the Company, by
its shareholder Baidu Holdings Limited was priced at US$28.00 per ADS. The underwriters will have a
30-day option to purchase up to an aggregate of 4,695,648
additional ADSs from the selling shareholder solely for the purpose
of covering over-allotment.
The Company will not issue or sell any ADSs in this offering and
will not receive any proceeds from the sale of the ADSs by the
selling shareholder. The Company and the selling shareholder have
agreed to be subject to lock-up restrictions for 90 days and 180
days, respectively, after this offering.
Goldman Sachs (Asia) L.L.C. and
J.P. Morgan Securities LLC are acting as the joint
book-runners for the proposed offering.
The ADSs are offered under the Company's shelf registration
statement on Form F-3 which was filed with the Securities and
Exchange Commission (the "SEC") and automatically became effective
on September 25, 2019 (U.S.
Eastern Time). This offering is being made only by means of a
prospectus supplement and an accompanying prospectus included in
the Form F-3. The registration statement on Form F-3 and the
prospectus supplement are available at the SEC website at:
http://www.sec.gov. Copies of the prospectus supplement
and the accompanying prospectus may be obtained from Goldman Sachs
& Co. L.L.C., 200 West Street, New
York, New York 10282-2198, Attention: Prospectus Department,
telephone: +1 (212) 902 1171 or J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, at (866)
803-9204 (toll free).
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, nor shall
there be a sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would
be unlawful.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading provider of online
travel and related services, including accommodation reservation,
transportation ticketing, packaged tours and in-destination
services, corporate travel management, and other travel-related
services. It enables business and leisure travelers to make
informed and cost-effective bookings by aggregating comprehensive
travel-related information and offering its services through an
advanced transaction and service platform consisting of its mobile
apps, internet websites, and toll-free, 24-hour customer service
centers. The family of travel brands mainly includes: Ctrip, a
leading provider of online travel and related services in
China; Qunar, a leading online
travel agency in China; Trip.com,
an online travel agency for global consumers; and Skyscanner, a
leading global travel search site. The Company has experienced
significant growth since its inception in 1999 and become one of
the largest travel service providers in the world.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expect," "anticipate," "future," "intend," "plan,"
"believe," "estimate," "is/are likely to," "confident" or other
similar statements. Among other things, quotations from management
and the Business Outlook section in this press release, as well as
Ctrip's strategic and operational plans, contain forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, severe or prolonged downturn in
the global or Chinese economy, general declines or disruptions in
the travel industry, volatility in the trading price of Ctrip's
ADSs, Ctrip's reliance on its relationships and contractual
arrangements with travel suppliers and strategic alliances, failure
to compete against new and existing competitors, failure to
successfully manage current growth and potential future growth,
risks associated with any strategic investments or acquisitions,
seasonality in the travel industry in the relevant jurisdictions
where Ctrip operates, failure to successfully develop Ctrip's
existing or future business lines, damage to or failure of Ctrip's
infrastructure and technology, loss of services of Ctrip's key
executives, adverse changes in economic and political policies of
the PRC government, inflation in China, risks and uncertainties associated with
PRC laws and regulations with respect to the ownership structure of
Ctrip's affiliated Chinese entities and the contractual
arrangements among Ctrip, its affiliated Chinese entities and their
shareholders, and other risks outlined in Ctrip's filings with the
U.S. Securities and Exchange Commission. All information provided
in this press release and in the attachments is as of the date of
the issuance, and Ctrip does not undertake any obligation to update
any forward-looking statement, except as required under applicable
law.
For further information, please contact:
Investor Relations
Ctrip.com International, Ltd.
Tel: (+86) 21 3406 4880 x 12229
Email: iremail@ctrip.com
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SOURCE Ctrip.com International, Ltd.