Starbucks’ China challenger Luckin raises $561 million in US IPO

Starbucks’ China challenger Luckin raises $561 million in US IPO

Luckin Coffee, a fast-growing rival to Starbucks in China, jolted higher in its stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations. Luckin raised $561 million in its IPO by selling 33 million American depositary shares at $17 apiece. The ADS shot up to a high of $25.96 Friday.

Timothy
Timothy
Got Truth
Got Truth 1 year

I bet they don’t invite crack heads into their public washrooms to shoot hot drugs into their veins.... That makes them worth a little more don’t you think?

FirstCensorshipThenJail
FirstCensorshipThenJail 1 year

This is a great idea. But China really does not need just one megacorp for each industry. Centralization is poison just look at the socialist media corporation or American auto manufactures before the German and Japanese. A much better policy would be to encourage a federated model of millions of large chains competing to drive up quality at the same time they drive down costs. Federated models are the future. Centralization is just a single point of failure. A stable economy is one that spreads out the risks and forces normalization via merit-based competition

Naidu VGA
Naidu VGA 1 year

they just copy everything, amazing people

MF
MF 1 year

since they won'r let starbucks compete, or google, or facebook, or youtube, or twitter, or anyone from US

.       .
. . 1 year

Luckin coffee is literally worse Nespresso quality press a button diarrhea. I doubt they'll stay afloat longer than another year or so. They rarely do.

paddy
paddy 1 year

why is it even on the US exchange

Havoc44
Havoc44 1 year

lunken sounds like you really wanted to call it Dunkin but knew you wouldn't get away with it😂

Top in Business
Get the App