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Atour Lifestyle Holdings Limited ("Atour" or the "Company") (NASDAQ:ATAT), a leading hospitality and lifestyle company in China, today announced the pricing of a registered secondary underwritten offering by entities affiliated with Legend Capital ("Legend Capital") of an aggregate of 10,000,000 American depositary shares (the "ADSs" and such offering, the "Secondary Offering"), each ADS representing three Class A ordinary shares of par value US$0.0001 each of the Company, at an offering price of US$16.90 per ADS. The underwriters in the Secondary Offering will 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. The gross proceeds of the Secondary Offering to Legend Capital amounts to approximately US$169 million, without deducting underwriting discounts and commissions and offering expenses payable by Legend Capital and assuming the underwriters do not exercise the option to purchase additional ADSs. The closing of the Secondary Offering will be subject to customary closing conditions.
Posted In: ATAT
