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 HighlightsRevenue (2022–2024): RMB 492M → RMB 4.64B → RMB 12.41BNet Profit (2022–2024): -RMB 90.72M → RMB 803M → RMB 2.52BChina’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
Chagee Surging: Can it Double on Debut Day?
Chagee goes public on Thursday. In 2024, the company's total GMV (Gross Merchandise Value) reached RMB 29.5 billion, a year-on-year increase of over 80%. Its revenue was RMB 12.405 billion, with a net profit of RMB 2.515 billion, achieving a net profit margin of 20.3%, significantly higher than the industry average. ------------ Can Chagee replicate the surge of China's tea brand like Mixue group? Will it double on the debut day?
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