Chinese hotelier Atour to seek secondary listing in Hong Kong – Bloomberg
Investing.com-- Atour Lifestyle Holdings (NASDAQ:ATAT) is considering a secondary listing in Hong Kong, joining a growing list of U.S.-listed Chinese firms exploring alternatives amid rising concerns over potential delistings, Bloomberg reported on Wednesday, citing people familiar with the matter.
The Shanghai-based hotel chain is working with advisers on a share sale that could raise several hundred million dollars, though discussions are ongoing and deal terms are yet to be finalized, Bloomberg said.
Atour, which operates a network of about 1,600 hotels across more than 200 cities in China, debuted on the Nasdaq Global Select Market in 2022.
Its American depositary receipts have since more than tripled, giving it a market capitalization of roughly $4.8 billion, the report noted.
The move comes as the threat of U.S. delistings resurfaced under President Donald Trump’s administration, which is reviewing compliance with the Holding Foreign Companies Accountable Act.
Atour would follow companies like Hesai Group (NASDAQ:HSAI) and Pony Ai (NASDAQ:PONY) in seeking dual listings, the report added.
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