China perks up: Luckin Coffee prices upsized IPO at $17 high end
Luckin Coffee, a Chinese coffee retailer offering pick-up and delivery via a mobile app, raised $561 million by offering 33 million ADSs at $17, the high end of the range of $15 to $17. It had previously filed to offer 30 million ADSs.
Luckin Coffee plans to list on the Nasdaq under the symbol LK. Credit Suisse, Morgan Stanley, CICC and Haitong International acted as lead managers on the deal.
The article China perks up: Luckin Coffee prices upsized IPO at $17 high end originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.
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