Luckin Coffee Sets the Table for Continued Growth
January 21, 2020
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Luckin Coffee as of this writing, are up roughly 185% from the IPO price of $17 that the company set in May 2019, largely due to the substantial growth the company has shown over the past several months.
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…
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