Latest news with #ChageeHoldingsLtd.
Bloomberg
30-04-2025
- Business
- Bloomberg
Chinese Share Sales Shrug Off Tariffs, Outshining US and Europe
Chinese companies have shrugged off US tariffs and powered on with share sales, even as trade-war concerns slowed offerings in the US and Europe. Initial public offerings, placements and block trades involving Chinese companies such as tea chain Chagee Holdings Ltd. and drugmaker Duality Biotherapeutics Inc. raised a total of $3.4 billion in April, surging almost 90% from a year earlier, according to data compiled by Bloomberg. By contrast, share sales in the US are headed for their worst month in more than a year. In Europe, they tumbled more than 80%.
Bloomberg
17-04-2025
- Business
- Bloomberg
Chinese Tea Chain CEO Becomes a Billionaire at 30 After US IPO
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as tensions between the two nations stoke an economic decoupling and market volatility. With the US IPO market at a near standstill and some analysts questioning whether Chinese stocks will be booted from American exchanges, Junjie Zhang's Chagee Holdings Ltd. is set to list on the Nasdaq on Thursday. The initial public offering raised $411 million and priced at the top end of the range, people familiar with the matter said, asking not to be named because they weren't authorized to speak publicly.
Bloomberg
17-04-2025
- Business
- Bloomberg
Chinese Tea Chain Chagee Is Said to Raise $411 Million in US IPO
Chinese tea chain Chagee Holdings Ltd. has raised $411 million after pricing its US initial public offering at the top end of the marketed range, people familiar with the matter said, defying a market besieged by trade-war volatility. The Shanghai-based company sold 14.68 million American depositary shares at $28 apiece, the people said, asking not to be named because they weren't authorized to speak publicly.
