Atour Lifestyle Holdings (ATAT) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Atour Lifestyle Holdings Limited has entered into an underwriting agreement to sell 10 million American Depositary Shares (ADS), representing 30 million Class A ordinary shares, with an option for underwriters to purchase an additional 1.5 million ADS. The ADSs are linked to a deposit agreement and will be issued as part of a registration statement filed with the SEC, including a prospectus for the shelf securities offered. The company has affirmed the accuracy and compliance of its SEC filings and is not considered an ‘ineligible issuer’ for the offering.
For further insights into ATAT stock, check out TipRanks’ Stock Analysis page.