Atour Lifestyle Holdings (ATAT) has released an update.
Atour Lifestyle Holdings Limited, a prominent hospitality and lifestyle firm in China, has announced the pricing of a secondary offering of 10 million American depositary shares (ADSs) by Legend Capital at $16.90 per ADS, aiming to raise approximately $169 million. The company will not receive proceeds from this offering, which will see Legend Capital’s ownership drop to 7.6% post-sale. The offering, managed by BofA Securities, CMB International Capital, and Citigroup Global Markets, is subject to standard closing conditions.
For further insights into ATAT stock, check out TipRanks’ Stock Analysis page.
