Atour Lifestyle Holdings Limited announced the commencement of a proposed registered underwritten offering by entities affiliated with Legend Capital of American depositary shares, each ADS representing three Class A ordinary shares of the company. Legend Capital proposes to offer an aggregate of 10M ADSs. The company will not receive any proceeds from the sale of the ADSs by Legend Capital. BofA Securities, CMB International Capital Limited and Citigroup Global Markets act as the joint bookrunners for the proposed secondary offering.
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