Luckin Coffee Nasdaq IPO

17/5/2019

IPO

Value:

$ 571 million

Status:

Announced

Date:

17/5/2019

Overview:

Chinese company Luckin Coffee has raised $571 million from its Nasdaq IPO.
The offering comes amid of flurry of recent high-profile IPOs, including Uber's.
The coffee brand is widely seen as a new competitor for US companies such as Starbucks.
The underwriters included Morgan Stanley, Credit Suisse, Haitong International and the China International Capital Corporation.

Kurt Stumpo - US Editor

Jurisdictions:

United States
China

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sector:

Food and beverage

Firms:

Cleary Gottlieb Steen & Hamilton

Party: Morgan Stanley (Underwriter)

Party: Credit Suisse (Underwriter)

Party: Haitong International (Underwriter)

Party: China International Capital Corporation (Underwriter)

Davis Polk & Wardwell

Party: Luckin Coffee (Issuer)

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