$Chagee Holdings Limited(CHA)$
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$Chagee Holdings Limited(CHA)$ , one of China's fastest-growing tea beverage chains, is officially going public this week — and its IPO is drawing serious attention from both retail and institutional investors.
At the IPO price, Chagee’s estimated market cap of US$5.1 billion puts it close to Guming. Compared to Mixue, it makes 50% of the revenue, but only has 25% of the valuation.
Chagee’s revenue (CNY ¥12.41B) is roughly 50% of Mixue’s.
Its net profit (CNY ¥2.52B) is 56% of Mixue’s and 1.68× Guming’s.
Will Chagee pop on day one like early Bubble Tea IPOs $MIXUE BINGCHENG CO LTD.(MXUBY)$?
Or will it follow the path of $NAYUKI(02150)$ , which saw early hype and then a painful correction?
As a Singapore-based consumer/investor, do you feel Chagee has stronger resonance here than Mixue or Heytea?
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