Company Overview - Chagee Holdings Limited is a leading premium tea drinks brand that serves healthy and delicious freshly-made tea drinks, founded in 2017 [6] - The company has transformed traditional tea culture into a modern lifestyle experience by leveraging cutting-edge technology and innovative branding [6] Initial Public Offering (IPO) Details - Chagee announced the pricing of its initial public offering of 14,683,991 American Depositary Shares (ADSs) at an initial price of US411.2 million before underwriting discounts and commissions [1] - The offering includes a 30-day option for underwriters to purchase an additional 2,202,598 ADSs to cover over-allotments [1] - The ADSs are expected to begin trading on the Nasdaq Global Select Market under the symbol "CHA" on April 17, 2025, with the closing of the offering anticipated on April 21, 2025 [2] Underwriters and Regulatory Filings - Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, Hong Kong Branch are acting as representatives of the underwriters for the transaction, with additional underwriters including China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited, Moomoo Financial Inc., and Valuable Capital Limited [3] - The company's registration statement on Form F-1 relating to the offering was filed with the U.S. Securities and Exchange Commission and declared effective on April 16, 2025 [4]
Chagee Holdings Limited Announces Pricing of Initial Public Offering