Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise...
FILE PHOTO: The logo is seen at a Luckin Coffee store in Beijing, China, February 28, 2019. REUTERS/Jason Lee/File Photo
- Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository shares priced between $15 and $17 per ADS in an initial public offering. Each ADS represents eight Class A shares, it said.
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