[SCHEDULE 13G/A] ATRenew Inc. American SEC Filing
AtRenew Inc. disclosed that multiple Tiger Global entities and an individual filer report meaningful passive holdings in the company. The reporting persons list beneficial ownership amounts of 6,548,875 and 6,554,145 shares of the Class A ordinary shares, which the filing states represent approximately 7.4% of the class. The filing clarifies these positions are held as American Depositary Shares, with every three ADS equal to two Class A ordinary shares, and that the reported interests are held for advisory clients of Tiger Global Management, LLC.
The filing further shows no sole voting or dispositive power (0 shares) and only shared voting and dispositive power over the reported shares. The reporting persons expressly disclaim ownership except to the extent of pecuniary interest and certify the securities were not acquired to change or influence control of the issuer, indicating a passive investment stance.
- Transparent disclosure of a material stake: Tiger Global entities report a 7.4% position, aiding market transparency
- Holdings held through ADS with conversion disclosed: Filing clarifies 3 ADS = 2 Class A, helping interpret reported counts
- Positions held on behalf of advisory clients: The filing identifies ownership as held by advisory clients of Tiger Global Management, LLC
- No sole voting or dispositive power reported: All reported shares show 0 sole voting/dispositive power, limiting direct control influence
- Reporting persons disclaim beneficial ownership beyond pecuniary interest: The filing contains a disclaimer that may limit legal ownership claims
Insights
Tl;DR: Tiger Global reports a >7% passive stake in AtRenew via advisory accounts, disclosed as shared voting power only.
The Schedule 13G amendment shows Tiger Global-related entities and Charles P. Coleman III reporting beneficial ownership amounts of 6,548,875 to 6,554,145 Class A ordinary shares, representing 7.4% of the class. The positions are held as American Depositary Shares (3 ADS = 2 Class A), and the filing documents no sole voting or dispositive power, only shared power. The report states the securities are owned by advisory clients and are held passively, which limits immediate corporate-control implications but is material for share register composition and institutional ownership tracking.
Tl;DR: Disclosure is material for governance records but indicates no active attempt to influence control.
The amendment discloses Tiger Global-affiliated reporting persons collectively hold roughly 7.4% of AtRenew's Class A shares and disclose shared voting/dispositive authority only. The filing includes the standard disclaimer that reporting persons do not claim beneficial ownership beyond pecuniary interest and asserts the holdings were not acquired to effect control. From a governance perspective, this is a material ownership disclosure that does not, on its face, signal an imminent proxy or control campaign but does place a sizable passive block on the shareholder register.