Carlyle Group and other shareholders of Ctrip.com are continuing to offload holdings in the Nasdaq-listed Chinese travel portal. The shareholders yesterday offered to sell 2.197 million American depositary shares (ADS), or 14 per cent of the outstanding shares, in a deal jointly led by Credit Suisse First Boston and Merrill Lynch, sources said. The deal size could be increased 15 per cent or 329,550 ADS if demand from investors was strong. The disposal is the third time the shareholders have cut their Ctrip stake after the six-month lock-up period expired in early June. Shortly after the lock-up period ended, the existing shareholders sold a 21.61 per cent stake in Ctrip to Jasdaq-listed online shopping centre operator Rakuten for US$109.64 million, at US$33 per ADS. Four months later they sold 1.05 million ADS at US$40.60 each, reaping US$42.63 million. Pricing will be fixed after the US market close tomorrow but it is estimated existing shareholders will reap at least US$100 million. Shares in Ctrip have nearly doubled since its Nasdaq listing one year ago. Earlier this month the shares touched an all-time intraday high at US$56.91 per ADS after it revealed a deal with Dallas-based Pegasus Solution that would give Ctrip access to Pegasus's reservation database of more than 60,000 hotels worldwide.