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This week, Chagee officially filed its IPO prospectus with SEC, planning to list on NASDAQ under the ticker $Chagee Holdings Limited(CHA)$.
The prospectus shows that in 2024, Chagee's GMV (Gross Merchandise Value) reached 29.5 billion RMB, a 173% year-on-year increase, nearly three times the previous year.
Its annual revenue was 12.4 billion RMB, surpassing brands like Chabaidao and Gu Ming. Chagee has become the second-largest domestic tea brand, just behind $MIXUE GROUP(02097)$.
Will you participate in Chagee’s IPO?
After quickly turning losses into profits: Can the profitability trend continue?
Do you like Chagee's tea latte?
Why do you choose Chagee over other bubble tea brand?
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