Atour Lifestyle Prices Upsized Registered Secondary Offering Of 9.6M American Depositary Shares By Legend Capital At $15.80/ADS
Portfolio Pulse from Benzinga Newsdesk
Atour Lifestyle has announced the pricing of an upsized registered secondary offering of 9.6 million American Depositary Shares (ADSs) by Legend Capital at $15.80 per ADS. The offering was increased from the previously disclosed 8 million ADSs to 9.6 million.
December 06, 2023 | 11:04 am
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Atour Lifestyle's upsized secondary offering could lead to a dilution of existing shares, potentially impacting the stock price negatively in the short term.
Secondary offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market absorbs the additional supply. The upsizing of the offering from 8 million to 9.6 million ADSs increases the potential for dilution.
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