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China hotel group Atour considering public listing in the US
Chinese hotel chain Atour is mulling an initial public offering (IPO) in the US which it hopes could value it at about $2 billion. A US IPO could raise $200 to $300 million.
The company operates more than 600 hotels across 170 cities in China. It operates multiple brands from budget to luxury. Atour could file for the IPO ‘very soon’ according to a source.
Domestic tourism has recovered well across China and is close to pre-pandemic levels. The listing would likely take place on the New York Stock Exchange.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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