Atour Lifestyle Holdings Limited

General Information

(Note: The American Depositary Shares (ADS) in this IPO will be issued by Atour Lifestyle Holdings Limited, the holding company incorporated in the Cayman Islands.)

Setting out as an upper midscale hotel chain group, we are now a leading lifestyle brand in China.

We are the largest upper midscale hotel chain in China in terms of room number as of the end of 2020, according to Frost & Sullivan.

As of June 30, 2022, our hotel network covered 834 hotels spanning 151 cities in China, with a total of 96,969 hotel rooms, including 801 manachised hotels with a total of 91,911 manachised hotel rooms, in addition to a pipeline of 343 hotels with a total of 37,795 rooms under development. Our guests can book a stay with us and access our rich product and service offerings through offline and online channels, including our mobile app and Weixin/WeChat mini program.

We built our A-Card loyalty program to enhance our engagement with guests and provide them with a unique and personalized experience. As of June 30, 2022, our A-Card loyalty program had amassed approximately 32 million registered individual members. In 2021, approximately 39.7% of our room-nights were sold to our A-Card members.

In addition, we are the first hotel chain in China to develop a scenario-based retail business, according to Frost & Sullivan. We design our guest room amenities, work closely with manufacturers to deliver top-quality products, and carefully place the relevant products in guest rooms. Each of our guest rooms incorporates a fully immersive shopping destination, enabling us to further strengthen our brand elasticity with our guests.
As of June 30, 2022, we had developed a total of 1,967 SKUs for scenario-based retail. The GMV generated from our retail business increased by 29.5% from RMB82.8 million in 2019 to RMB107.2 million in 2020, and further substantially by 112.9% to RMB228.2 million in 2021. The GMV generated from our retail business was RMB118.1 million in the six months ended June 30, 2022. In 2021, the average transaction value per scenario-based retail order reached RMB403.0.
**Note: Revenue and net income figures are in U.S. dollars for the fiscal year ended Dec. 31, 2021.
(Note: Atour Lifestyle Holdings Limited priced its IPO on Nov. 10, 2022, at $11.00 – the low end of its $11.00-to-$13.00 range – on 4.75 million American Depositary Shares (ADS) – the same number of shares in the prospectus – to raise $52.25 million. **Each ADS represents three Class A ordinary shares. Atour Lifestyle Holdings Limited disclosed the terms for its revived IPO in an F-1/A filing dated Nov. 7, 2022: 4.75 million American Depositary Shares (ADS) at $11.00 to $13.00 each to raise $57.0 million, if priced at the $12.00 mid-point. The company resurrected its IPO plans with an F-1/A filing dated Oct. 3, 2022, with no terms stated (blank filing) for an IPO with estimated proceeds of $100 million; the company removed FUTU as an underwriter and disclosed financial statements for the six months ending June 30, 2022. Atour Lifestyle Holdings Limited amended its IPO plans with an F-1/A filing dated June 21, 2022, in which no terms were stated (blank filing) for an IPO with estimated proceeds of $100 million; the company also removed Snowball Securities as an underwriter and disclosed financial statements for the year ending Dec. 31, 2021. The IPO’s previous terms were 19.74 million shares at $13.50 to $15.50 to raise $286.23 million, but the deal stalled in June 2021.)
Industry: Hospitality - Hotels & Retail
Employees: 3180
Founded: 2012
Contact Information
Address 18th floor, Wuzhong Building, 618 Wuzhong Road, Minhang District, Shanghai, People's Republic of China
Phone Number (+86) 021-64059928
Web Address
View Prospectus: Atour Lifestyle Holdings Limited
Financial Information
Market Cap
Revenues $337.0 mil (last 12 months)
Net Income $20.39 mil (last 12 months)
IPO Profile
Symbol ATAT
Exchange NASDAQ
Shares (millions): 4.8
Price range $11.00 - $11.00
Est. $ Volume $52.3 mil
Manager / Joint Managers BofA Securities/ Citigroup/ CICC/ CMB International
CO-Managers Redbridge Securities/ Tiger Brokers
Expected To Trade: 11/11/2022
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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