Announces Pricing of Upsized Registered Secondary Offering of American Depositary Shares by Legend Capital
Summary
SHANGHAI, China, June 08, 2023 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited (Atour or the Company) (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, today announced the pricing of an upsized registered secondary underwritten offering by entities affiliated with Legend Capital (Legend Capital) of an aggregate of 5,760,000 American depositary shares (the ADSs and such offering, the Secondary Offering), each ADS representing three Class A ordinary shares of the Company, at an offering price of US$14.80 per ADS. The gross proceeds of the Secondary Offering to Legend Capital amounts to US$85.2 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. A copy of the prospectus related to this Secondary Offering may be obtained by contacting BofA Securities, Inc., One Bryant Park, New York, NY 10036, United States of America, Attention: Prospectus Department, telephone: +1-800-294-1322, email: dg.prospectus_requests@bofa.com; CMB International Capital Limited, 45F, Champion Tower, 3 Garden Road, Central, Hong Kong, Attention: CMBI ECM, telephone: +852-3761-8990, email: ECMs@cmbi.com.hk.This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading hospitality and lifestyle company in China, with a distinct portfolio of lifestyle hotel brands. Atour is committed to bringing innovations to Chinas hospitality industry and building new lifestyle brands around hotel offerings.For more information, please visit https://ir.yaduo.com.This press release contains forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions.