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Luckin Coffee Inc. Announces Full Exercise Of Over-Allotment Option In Initial Public Offering

From: finance.yahoo.com

BEIJING, China, June 19, 2019 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (“Luckin Coffee” or “the Company”) (LK), a technology-driven new retail provider of coffee and other products, today announced the closing of the issuance of an additional 4,950,000 American Depositary Shares (“ADSs”) of the Company at the initial public offering ( the “IPO”) price of US$17.00 per ADS, pursuant to the exercise in full of the underwriters’ over-allotment option in connection with the IPO.

Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, China International Capital Corporation Hong Kong Securities Limited, and Haitong International Securities Company Limited are acting as bookrunners of this offering. KeyBanc Capital Markets Inc. and Needham & Company, LLC are acting as co-managers.

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