Tongcheng-Elong Shares Vault Over 20% on First Day
Liao Shumin
DATE:  Nov 26 2018
/ SOURCE:  yicai

(Yicai Global) Nov. 26 -- Shares of Chinese online travel firm Tongcheng-Elong Holdings [HK:0780] had jumped more than 20 percent to HKD11.78 (USD1.50) as of 1.50 p.m. today on its first day of listing.

Stocks of the company headquartered in Suzhou in China's eastern Jiangsu province opened at HKD10.78 this morning, 10 percent above its HKD9.8 offering price. 

Hangzhou-headquartered tech titan Tencent Holdings and Shanghai-based Ctrip.Com International, operator of China's leading e-travel platform, are its largest and second-biggest shareholders at 24.92 percent and 24.31 percent, respectively. 

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