Luckin Coffee Inc. Announces Completion of Follow-On Public Offering Of American Depositary Shares

From: marketwatch.com

BEIJING, Jan. 15, 2020 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) LK, +2.01%, a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced the completion of the public offering of 9.00 million American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “Primary ADS Offering”), and 4.8 million ADSs offered by the selling shareholder (the “Secondary ADS Offering”, together with the Primary ADS Offering, the “ADS Offering”), at US$42.00 per ADS.

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