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Access here alternative investment news about Starbucks' China Challenger Luckin To Raise Up To $800M In U.s. Ipo: Sources
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Starbucks' China Challenger Luckin To Raise Up To $800M In U.s. Ipo: Sources

by reuters.com posted 3weeks ago 10 views
* Posted net loss of $475.4 mln in 2018 on $125.3 mln revenue. : HONG KONG/BEIJING (Reuters) - Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million. The Beijing-based coffee chain set a placeholder amount of $100 million to indicate the size of the IPO and did not disclose the number of shares it would offer, a filing bit.ly/2UtnC0g with the U.S. Securities and Exchange Commission showed.