Atour Group Successfully Listed on the Nasdaq Capital Market in the United States
Industry: Mid-to-High-End Chain Hotels
Listing Date: 2022/11, New York Stock Exchange Capital Market, USA
Funding Amount: 52.25 million USD
Partners: Tiger Brokers
Yangkang Asset, in collaboration with strategic partner Tiger Brokers, successfully assisted Atour Group (Atour Lifestyle Holdings Limited, stock symbol: ATAT) in listing on the Nasdaq Capital Market in the United States on November 11, 2022, successfully raising 52.25 million USD and becoming the “first new accommodation economy stock in China.”
Founded in 2012, Atour Group is a mid-to-high-end chain hotel group, owning six major accommodation brands including A.T.HOUSE, Atour S Hotel, ZHotel, Atour Hotel, Atour X Hotel, and Qingju, as well as the lifestyle retail brand Atour Market. As of June 30, 2022, Atour operated 834 hotels in 151 cities across China with a total of 96,969 rooms. Additionally, 343 hotels (37,795 rooms) are under development.
On the first day of listing, Atour Group’s opening price was 12.88 USD per share, up 17.09% from the issue price, with a total market capitalization of 1.68 billion USD. The funds raised will be used to expand the hotel network, enhance brand influence, and drive continued business growth. Moving forward, Atour Group plans to continue expanding globally, strengthening its brand influence, and aiming to become a leading mid-to-high-end chain hotel brand worldwide.