Chagee Holdings (CHA) Announces Pricing of Initial Public Offering
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Chagee Holdings Limited Announces Pricing of Initial Public Offering
April 17, 2025 6:03 AM EDTSHANGHAI, April 17, 2025 (GLOBE NEWSWIRE) -- Chagee Holdings Limited (Chagee or the Company), a leading premium tea drinks brand serving healthy and delicious freshly-made tea drinks, today announced the pricing of its initial public offering (the Offering) of 14,683,991 American Depositary Shares (ADSs), at an initial public offering price of US$28.00 per ADS, before underwriting discounts and commissions. Each ADS represents one Class A ordinary share of Chagee. The gross proceeds from the Offering, before deducting underwriting discounts and commissions and other offering expenses payable by Chagee, are expected to be approximately US$411.2 million. In addition, Chagee has granted the underwriters a 30-day... More
