Shanghai-based Atour will likely be hoping to learn from a rebound in tourism in China because it gears up for a U.S. preliminary public providing.
Shanghai-based Atour will likely be hoping to learn from a rebound in tourism in China because it gears up for a U.S. preliminary public providing.
Wang Gang | Visible China Group | Getty Photos
GUANGZHOU, China — Chinese language resort chain Atour is exploring an preliminary public providing (IPO) within the U.S. which might worth it at $2 billion, an individual with data of the matter instructed CNBC.
The U.S. itemizing will probably happen on the New York Inventory Change and the corporate is in search of to lift about $200 million to $300 million, the individual mentioned.
Atour might file for the IPO “very quickly,” mentioned the supply, who was not approved to talk publicly.
The Shanghai-headquartered firm has numerous resort manufacturers at totally different costs from larger finish to extra funds choices. It has opened greater than 600 resorts throughout 170 cities in China, in keeping with its web site.
A consultant for Atour didn’t instantly reply to a request for remark when contacted by CNBC.
Atour hopes to make the most of the journey rebound in China after the coronavirus outbreak brought on the nation to close down for a number of weeks in early 2020. With the pandemic largely beneath management in China, home tourism has steadily recovered.
Atour will likely be competing with China’s personal massive home resort chains, such a Huazhu Group, which went public in Hong Kong final yr, in addition to worldwide resort operators together with Marriott Worldwide.
Chinese language companies nonetheless view the U.S. as a beautiful itemizing vacation spot. On Tuesday, CNBC reported Chinese language trucking start-up Full Truck Alliance, might file publicly for a U.S. itemizing as early as this week.