Chagee Holdings Limited (CHA) reports developments for a premium tea drinks brand whose American depositary shares trade on Nasdaq. The company serves freshly made tea drinks through a teahouse network spanning Greater China and overseas markets, with both franchised and company-owned locations.
Recurring news themes include quarterly and annual financial results, teahouse-count and GMV trends, overseas market expansion, member activity, product localization, tea sourcing, public-company reporting on Form 20-F, and capital actions such as dividend distributions.
Chagee Holdings , a premium tea drinks brand, has announced the pricing of its Initial Public Offering (IPO) on the Nasdaq Global Select Market. The company is offering 14,683,991 American Depositary Shares (ADSs) at $28.00 per ADS, with expected gross proceeds of approximately $411.2 million.
Trading will commence on April 17, 2025, under the symbol 'CHA', with the offering expected to close on April 21, 2025. The underwriters have a 30-day option to purchase up to 2,202,598 additional ADSs. The IPO is led by Citigroup, Morgan Stanley, and Deutsche Bank as representatives, with additional underwriters including CICC, Tiger Brokers, Moomoo Financial, and Valuable Capital.