FILE PHOTO: FILE PHOTO: A view shows the New York Stock Exchange (NYSE) Wall Street entrance in New York City, U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo/File Photo

(Reuters) -SoftBank-backed Klook reported a 24.4% jump in revenue in 2024, the online travel booking platform said in its filing for a U.S. initial public offering on Monday, signaling steady investor demand even as the government remains shut.

The U.S. IPO market has rebounded from tariff-driven volatilities, as a rally in equities and interest rate cuts boosted investor demand for fresh offerings, though a prolonged government shutdown has caused some delays.

Klook's offering followed recent debuts by molecular diagnostics firm BillionToOne and another Apollo-backed company Grupo Aeromexico, earlier this month.

The Hong Kong-based company reported revenue of $417.1 million in 2024, compared with $335.2 million a year earlier.

Its IPO filing comes at a time when the global tourism industry is experiencing rapid growth following the COVID-19 pandemic, driven by a surge in consumer spending.

The travel sector's contribution to global GDP is projected to reach $11.7 trillion in 2025, 10.3% of global GDP, according to a May report by the World Travel and Tourism Council.

Founded in 2014, Klook offers bookings for tours, attractions, transport and other travel experiences across a wide range of locations globally.

It competes with global platforms such as Booking.com, TripAdvisor, China's Trip.com and South Korea's Yanolja.

In February, Klook raised $100 million in a funding round led by European investment firm Vitruvian Partners, though it did not disclose its valuation at the time.

Klook aims to list on the New York Stock Exchange under the symbol "KLK".

Goldman Sachs, Morgan Stanley and J.P. Morgan are among the lead underwriters for the offering.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shilpi Majumdar)