Legend Capital Portfolio Company Atour Successfully Lists on Nasdaq – QNT Press Release




HONG KONG, Nov 13, 2022 – (ACN Newswire) – On the evening of November 11, Beijing time, Legend Capital portfolio company Atour Lifestyle Holdings Limited (“Atour”) was officially listed on the Nasdaq Stock Exchange in the United States. It has priced its initial public offering of 4,750,000 American Depositary Shares (“ADSs”) at US$11.0 per ADS.




Founded in 2013, Atour is a leading hospitality and lifestyle company in China with a distinct portfolio of lifestyle hotel brands, such as AT HOUSE, Atour S, ZHOTEL, Atour Hotel, Atour X and Atour Light, as well as scenario-based retail brands , including Atour Market. It has further divided its private labels into three product lines – aTOUR PLANET, SAVHE and Z2GO&CO. As of June 30, 2022, Atour has launched a total of 1,967 SKUs, 62.8% of which are private-label products.

According to the prospectus, as of September 30, 2022, Atour has opened 880 hotels, a year-on-year increase of 26%. According to Frost & Sullivan, Atour is the largest upper midscale hotel chain with a diversified brand portfolio in China in terms of room numbers for five consecutive years as …

Full story available on Benzinga.com



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