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China bubble tea chain Chagee launches IPO in US despite volatility
April 12, 2025
|The Straits Times
Chagee Holdings, a Chinese bubble tea chain, is seeking to raise US$411 million (S$551 million) in an initial public offering (IPO) in the US, despite spiking stock volatility from US President Donald Trump's tariff measures.
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The Shanghai-based company is offering 14.68 million American depositary shares for US$26 to US$28 each, according to a filing on April 10 with the US Securities and Exchange Commission. At the top of the price range, Chagee would have a market value of about US$3.3 billion based on the outstanding shares listed in the filing.
Funds affiliated with CDH Investment Management, RWC Asset Management and RWC Asset Advisors (US), Allianz Global Investors Asia Pacific and Orix Asia Asset Management indicated interest in buying as much as US$205 million worth of depositary shares in aggregate at the IPO price, the filing shows.
هذه القصة من طبعة April 12, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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