The travel booking platform, backed by Ctrip, Dalian Wanda and Tencent, has priced shares at the bottom of its range and raised $180m in its initial public offering.

Tongcheng-eLong, a China-based online travel agency backed by corporates Tencent, Ctrip and Dalian Wanda, has raised $180m in an initial public offering on the Hong Kong Stock Exchange. The company issued approximately 143 million shares priced at HK$9.80 ($1.25) a piece, near the bottom of the IPO’s HK$9.75 to HK$12.65 range. Reports last month suggested…

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