Atour Lifestyle Holdings Limited Announces Proposed Registered Secondary Offering of American Depositary Shares by Legend Capital
SHANGHAI, CHINA, June 10, 2024 (GLOBE NEWSWIRE) — Atour Lifestyle Holdings Limited (“Atour” or the “Company”) (NASDAQ:ATAT), a leading hospitality and lifestyle company in China, today announced the commencement of a proposed registered underwritten offering by entities affiliated with Legend Capital (“Legend Capital”) of American depositary shares (the “ADSs”), each ADS representing three Class A ordinary shares of par value US$0.0001 each of the Company. Legend Capital proposes to offer an aggregate of 10,000,000 ADSs (the “Secondary Offering”). The underwriters in the proposed Secondary Offering have a 30-day option to purchase up to 1,500,000 additional ADSs from Legend Capital. The Company will not receive any proceeds from the sale of the ADSs by Legend Capital.