Chinese premium tea chain $Chagee Holdings Limited(CHA)$ is going public in the U.S. on April 17, aiming for a valuation of up to $5.1 billion.
The Shanghai-based brand plans to raise up to $411 million by offering 14.7 million American Depositary Shares (ADSs) at a price range of $26 to $28 per share.
As China’s largest premium freshly made tea brand, Chagee operates 6,440 tea houses as of December 2024, up 83% year over year.
Financial Highlights
Revenue (2022–2024): RMB 492M → RMB 4.64B → RMB 12.41B
Net Profit (2022–2024): -RMB 90.72M → RMB 803M → RMB 2.52B
China’s freshly made tea market is projected to grow at a CAGR of 11.8% from 2024–2028, reaching over RMB 426B (~$59B USD)
How to participate?
Leave a comment below with your thoughts on Chagee’s IPO:
Will you subscribe Chagee’s IPO? Why or why not?
How many shares would you consider buying?
📅 Event Duration
From April 14 to April 16, 7 PM SGT
🎁 Event Prizes:
Comment Reward: Join the discussion and earn 10 Tiger Coins
Popularity Award: Most-liked comment wins 100 Tiger coins
Lucky Draw: 3 random participants will each receive a $5 stock voucher. $Chagee Holdings Limited(CHA)$
Comments
I’m not participating in yet another bubble tea IPO. Good luck to them though! Happy treating ahead, cheers BC 🍀🍀🍀
perhaps acquire a little and then see how it goes... acquire more if the company's performance is good...
Chinese premium tea chain $Chagee Holdings Limited(CHA)$ is going public in the U.S. on April 17, aiming for a valuation of up to $5.1 billion.
The Shanghai-based brand plans to raise up to $411 million by offering 14.7 million American Depositary Shares (ADSs) at a price range of $26 to $28 per share.
As China’s largest premium freshly made tea brand, Chagee operates 6,440 tea houses as of December 2024, up 83% year over year.
Will you subscribe Chagee’s IPO? Why or why not?
How many shares would you consider buying?
Comment Reward: Join the discussion and earn 10 Tiger Coins