I'm not going to Hong Kong! Foreign media exposed the latest news of Luckin Coffee's listing: IPO in the United States in the second quarter

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Luckin Coffee is reported to be locked in IPO in the United States as soon as the second quarter.

Beijing 1 afternoon news according to Bloomberg, China's Luckin Coffee is reported to have started working on the US IPO.

Luckin Coffee will work with Credit Suisse to arrange its $300m IPO, the report said.

In mid-January, it was reported that investment banks had begun preparing information for Luckin Coffee on the listing of IPO on the Hong Kong Stock Exchange.

Luckin Coffee was founded in October 2017 and began trial operation in January 2018. The company has raised a total of $400m in two rounds so far, raising $200m in its latest round B financing on December 12, 2018, valuing it at $2.2 billion.

Luckin Coffee declined to comment after rumors that investment banks had begun preparing information for Luckin Coffee about the listing of IPO on the Hong Kong Stock Exchange.

On January 7, Ruixing appointed Reinout Schakel, a former executive director of Standard Chartered Bank in Hong Kong, as the company's chief financial officer and chief strategy officer, reporting to CEO Qian Zhiya. This has been interpreted by the outside world as a signal for Lucky to land in the capital market.

Reinout Schakel has also worked at Credit Suisse and PricewaterhouseCoopers for many years, with more than a decade of experience in equity, debt financing and mergers and acquisitions. At the same time, Reinout Schakel has long been providing consulting services to leading consumer and retail companies in the Asia-Pacific region.

Luckin Coffee announced at the 2019 strategic communication conference on January 3 that he would build more than 2500 stores this year, with a total of more than 4500 stores, making it the largest chain coffee brand in China. At the scene, when asked if he would consider landing in the capital market in the near future, CEO Qian Zhiya did not answer.

Luckin Coffee, headquartered in Xiamen, was put into operation in January 2018. by the end of 2018, it had completed the layout of 2073 stores in 22 major cities such as Beijing, Shanghai, Guangzhou and Shenzhen, with 12.54 million consumers and 89.68 million cups sold. it has achieved 100% coverage within 500m in the core areas of cities such as Beijing and Shanghai, and customers can reach it in 5 minutes' walk.

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