Soho House Nears Deal to Go Private; Klook Lines Up U.S. IPO

Private-members club operator Soho House is close to an agreement that would remove the company from public markets, according to the Wall Street Journal. The prospective take-private transaction would cap a months-long struggle over the group’s direction and ownership structure. Financial terms and the identity of the potential buyer were not disclosed in the report. Separately, travel-booking platform Klook has hired banks to arrange a U.S. initial public offering, people familiar with the matter said. The Hong Kong-based company’s listing plans come as capital-markets activity shows signs of a rebound after a prolonged slump.