Luckin Coffee Ipo Price

The company which aims to overtake Starbucks as the biggest coffee.

Luckin coffee ipo price. The Stock Could Go to Zero. Starbucks rival in China Luckin Coffee is set to price its initial public offering IPO at 17 per share. Subscribe to the Crunchbase Daily.

Public offering wants to raise big money. Luckin had filed for its public offering just. That was at the top of the 15-17 range it had disclosed previously.

Chinas Luckin Coffee Inc. LK was down 67 in midday trade Wednesday falling below its initial public offering price less than a week after it debuted. The China-based delivery- and mobile-focused coffee chain is moving ahead with its IPO despite slowing growth and sharply.

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As of Fridays open Luckin stock sat at 1544 now well below its IPO price. On that basis Luckins nearly 2400 would be worth about 7 billion or 75 percent more than is suggested by the top end of the IPO price range 17 per American depositary share. Luckin Coffee issued 30 million shares priced at 17 the high end of its original range.

NASDAQLK made its debut on the Nasdaq Friday morning. The Uber IPO isnt the only public offering were tracking. The Chinese coffee chains expected range was 15 to 17 per share.