Another Unprofitable Unicorn IPO Hits The Markets Tomorrow: Luckin Coffee (Lk)

From: yahoo.com

Another unprofitable unicorn IPO is about to hit the markets tomorrow. Luckin Coffee LK, a Chinese based coffee house, is expected to be valued around $4 billion, with shares expected to be priced between $15 and $17.

Luckin Coffee’s claim to fame is it’s completely cashier-less operations. Luckin is being considered a tech company with its application driving the firm’s entire top-line. It allows you to pay on your phone and then pick the coffee up at the closest Luckin location. Luckin also offers a delivery service to your desk that guarantees delivery in 30 minutes or less.

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