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Chuanruixing Coffee will be listed in the United States at the beginning of May with a valuation of $3 billion at the earliest.

Published: 2024-11-17 Author: World Gafei
Last Updated: 2024/11/17, Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style) according to Reuters quoted people familiar with the matter, once threatened to surpass Starbucks, China's first coffee shop Luckin Coffee (luckin coffee) has contacted the investment banks Credit Suisse, Goldman Sachs and Morgan Stanley, plans to list in the United States this year, the company is valued at about 30%

Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)

Luckin Coffee, China's first coffee shop, has approached investment banks Credit Suisse, Goldman Sachs and Morgan Stanley to list in the US this year, valuing the company at about US $3 billion (HK $23.4 billion), according to Reuters, citing people familiar with the matter.

Credit Suisse is so far the only bank officially qualified to underwrite the listing, possibly in early May or June, or in the second half of this year, according to sources.

However, Luckin Coffee, director of public relations, said he did not know the relevant news.

Luckin Coffee began its trial operation in January 2018, with the goal of having more than 4500 stores by the end of 2019 to replace Starbucks as the leader in the Chinese market. Luckin Coffee lost as much as 857 million yuan in the nine months to the end of December 2018.

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