Atour Lifestyle, a Nasdaq-listed Chinese hotel chain, is considering a secondary listing in Hong Kong to raise several hundred million dollars, Bloomberg News reported Wednesday, citing people familiar with the matter.
Shanghai-based operator of over 1,600 hotels is said to be working with advisers, though final terms and timing remain undecided, according to the report.
The company, which generated $993 million in net revenue last year, went public in late 2022 on the Nasdaq Global Select Market, Bloomberg reported.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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