Online travel platform Klook has postponed its planned US initial public offering (IPO) to early 2026, according to sources familiar with the matter.

The Hong Kong-based company, which initially targeted a New York listing by late 2025, now expects to launch its IPO after the holiday season when demand for new share sales is anticipated to recover.

The decision follows weak debut performances by peers such as Navan, prompting Klook to delay its listing plans. However, discussions are ongoing and the timeline remains subject to change.

Klook declined to comment when approached for response.

Founded in 2014, Klook offers global booking services for tours, attraction tickets, transportation, and travel experiences. It competes with major platforms including Booking.com, TripAdvisor, China's Trip.com, and South Korea's Yanolja.

Backed by investors such as SoftBank Group and Goldman Sachs, the company filed for its US IPO on November 10. Earlier this year, sources indicated the travel booking service aimed to raise approximately $500 million through the offering.