Luckin Coffee, the Chinese start-up that aims to challenge Starbucks dominance in China, has filed for an initial public offering (IPO) in the US.
The Beijing-based company, which has applied to list on Nasdaq under the ticker LK, plans to raise $300m in the IPO, according to Bloomberg.
The filing comes one week after the company raised $150m in Series B funding which saw the company valued at $2.9bn, an increase on its $2.2bn valuation at the start of 2019.
Luckin Coffee, which launched in Beijing in January 2018, operates a digital model enabling customers to order via an app Read full story ›
Source: The Drum
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