Atour Lifestyle shares are trading lower after the company announced a proposed offering of 10 million ADSs by entities affiliated with Legend Capital.
Portfolio Pulse from Benzinga Newsdesk
Atour Lifestyle shares are trading lower following the announcement of a proposed offering of 10 million ADSs by entities affiliated with Legend Capital.
June 11, 2024 | 11:13 am
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Atour Lifestyle shares are experiencing a decline due to the announcement of a proposed offering of 10 million ADSs by entities affiliated with Legend Capital.
The proposed offering of 10 million ADSs by Legend Capital affiliates is likely to dilute existing shares, leading to a negative short-term impact on Atour Lifestyle's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100