Core Viewpoint - Chagee Holdings Limited has successfully completed an over-allotment option in its U.S. initial public offering, raising approximately US$61.7 million through the sale of additional American Depositary Shares at US$28.00 each [1]. Group 1: Company Overview - Chagee Holdings Limited is a leading premium tea drinks brand that offers healthy and delicious freshly-made tea drinks [5]. - Founded in 2017, the company aims to transform traditional tea culture into a modern lifestyle experience by leveraging cutting-edge technology and innovative branding [5]. - Chagee is committed to quality, innovation, and cultural connection, which positions it to reshape the global tea industry [5]. Group 2: IPO Details - The underwriters of the offering exercised their over-allotment option to purchase an additional 2,202,598 ADSs, resulting in additional gross proceeds of approximately US$61.7 million before underwriting discounts and commissions [1]. - The initial public offering price for each ADS was set at US$28.00 [1]. - The issuance and sale of the over-allotment option closed on April 30, 2025 [1]. Group 3: Underwriters - Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, Hong Kong Branch acted as the representatives of the underwriters for the transaction [2]. - Additional underwriters included China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited, Moomoo Financial Inc., and Valuable Capital Limited [2]. Group 4: Regulatory Information - The company's registration statement on Form F-1 relating to the offering was filed with the U.S. Securities and Exchange Commission and was declared effective on April 16, 2025 [3]. - The offering was made only by means of a prospectus forming a part of the effective registration statement [3].
Chagee Holdings Limited Announces Exercise and Closing of Underwriters’ Option to Purchase Additional American Depositary Shares