Atour Lifestyle Reports Pricing of Upsized Secondary Offering Of ADS By Legend Capital At $14.80 Per ADS
Portfolio Pulse from Benzinga Newsdesk
Atour Lifestyle has priced an upsized secondary offering of 5,760,000 ADSs by Legend Capital at $14.80 per ADS, up from the previously disclosed 4,800,000 ADSs.
June 08, 2023 | 10:10 am
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Atour Lifestyle's upsized secondary offering of 5,760,000 ADSs by Legend Capital may impact its stock price in the short term.
The upsized secondary offering by Legend Capital may lead to increased liquidity in Atour Lifestyle's stock. However, the impact on the stock price is uncertain as it depends on market demand and investor sentiment towards the company.
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