SHANGHAI, 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 option to purchase up to an additional 2,202,598 ADSs at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments.
The ADSs are expected to begin trading on the Nasdaq Global Select Market on April 17, 2025, under the symbol “CHA”. The closing of the Offering is expected to occur on April 21, 2025, subject to the satisfaction of customary closing conditions.
Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, Hong Kong Branch are acting as the representatives of …
Full story available on Benzinga.com
SHANGHAI, 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 option to purchase up to an additional 2,202,598 ADSs at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments.
The ADSs are expected to begin trading on the Nasdaq Global Select Market on April 17, 2025, under the symbol “CHA”. The closing of the Offering is expected to occur on April 21, 2025, subject to the satisfaction of customary closing conditions.
Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, Hong Kong Branch are acting as the representatives of …
Full story available on Benzinga.com
SHANGHAI, 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 option to purchase up to an additional 2,202,598 ADSs at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments.
The ADSs are expected to begin trading on the Nasdaq Global Select Market on April 17, 2025, under the symbol “CHA”. The closing of the Offering is expected to occur on April 21, 2025, subject to the satisfaction of customary closing conditions.
Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, Hong Kong Branch are acting as the representatives of …Full story available on Benzinga.com Read MoreCHA, News, IPOs, Press Releases IPOs
