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May 7, 2019 04:57 am GMT

Luckin Coffee plans to raise over $500M in US IPO

Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup. In a new filing, Luckin said it plans to sell 30 million shares at an initial range of $15-$17. That gives an estimated raise of […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZCyQ4Pj4Tu4/

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