[Travel News]: New York investment firm acquires 6.64% stake in Group aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

The following is the [Travel News]: New York investment firm acquires 6.64% stake in Group from [ChinaTravelNews] recommended by

As of February 3, the online travel company was worth USD 18.98 billion.

Pzena Investment Management, a New York-based investment management company, has acquired a 6.64% stake in Chinese online travel company Group, according to the OTA giant’s SEC filing.

The stake consists of 3,228,554 shares of voting power and 4,925,735 shares of economic interest. As of February 3, Group had a market capitalization of USD 18.98 billion, so the 6.64% stake was worth around USD 1.26 billion.

Pzena Investment did not mention the identity of its clients for the stakeholdings. But it stated that no one client of them holds a stake of 5% or more, which will trigger reporting duty.

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