Atour Lifestyle Holdings (ATAT) has released an update.
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Atour Lifestyle Holdings Limited, a prominent Chinese hospitality and lifestyle company, has initiated a proposed secondary offering of 10 million American Depositary Shares by Legend Capital. Following the offering, Legend Capital will retain about 7.6% stake in Atour, with a director from Legend Capital resigning upon completion. The offering, led by BofA Securities, CMB International, and Citigroup, is made through an effective shelf registration statement filed with the SEC.
For further insights into ATAT stock, check out TipRanks’ Stock Analysis page.