Atour Life-style Holdings Restricted IPO Opens 41% Greater

Right now’s IPO for Atour Life-style Holdings Restricted (ATAT) opened for buying and selling at $15.50 after pricing 4,750,000 American Depositary Shares (ADSs) at $11 per ADS.

BofA Securities, Inc., Citigroup World Markets Inc., China Worldwide Capital Company Hong Kong Securities Restricted and CMB Worldwide Capital Restricted are performing as underwriters for the providing. Redbridge Securities LLC and Tiger Brokers (NZ) Restricted are performing as co-managers for the providing.

Atour Life-style Holdings Restricted is a number one hospitality and way of life firm in China, with a definite portfolio of way of life lodge manufacturers. In keeping with Frost & Sullivan, Atour is the most important higher midscale lodge chain in China when it comes to room numbers as of the top of 2021, and is the primary Chinese language lodge chain to develop a scenario-based retail enterprise. Atour is dedicated to bringing improvements to China’s hospitality trade and constructing new way of life manufacturers round lodge choices.