Chagee Holdings Limited's Upcoming IPO Set to Transform Tea Market

Chagee Holdings Limited's Initial Public Offering Announcement

Chagee Holdings Limited, a prominent name in the premium tea drinks market, has made waves with its announcement regarding the pricing of its initial public offering (IPO). This exciting news signifies a significant milestone for the company, renowned for its health-focused freshly-made tea offerings. Chagee has set the offering price at US$28.00 per American Depositary Share (ADS), reflecting the company’s confidence and ambitions for growth in the beverage industry.

Details of the Initial Public Offering

The IPO comprises 14,683,991 ADSs, each representing one Class A ordinary share of Chagee. Preceding underwriting discounts and commissions, this offering is expected to generate gross proceeds nearing US$411.2 million. Quite impressively, Chagee has also provided underwriters with a 30-day window to purchase an additional 2,202,598 ADSs, which speaks volumes of the anticipated demand for the shares.

When Will Trading Begin?

According to their announcement, Chagee’s ADSs are projected to start trading on the well-regarded Nasdaq Global Select Market under the ticker symbol “CHA”. This represents a promising opportunity for investors eager to delve into the growing tea beverage sector. The company expects the offering to close shortly after, contingent upon fulfilling customary closing conditions.

Role of Underwriters in the Offering

A vital part of this IPO involves its underwriters, which include major financial institutions such as Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, among others. These experienced players in the financial world will support Chagee as representatives during this crucial financial venture, fostering a strong market presence.

Registration and Compliance on IPO

In tandem with this announcement, Chagee has filed its registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC). The SEC declared the registration effective as Chagee prepares to move forward with the offering. This procedural aspect is critical as it ensures compliance with federal securities laws, making the offering legitimate and trustworthy.

Chagee's Vision and Market Impact

Chagee is not merely a beverage company; it represents a cultural shift in how tea is perceived and consumed. As it harnesses modern technology to craft its tea beverages, Chagee aims to rejuvenate the traditional tea culture, infusing it with contemporary appeal. By prioritizing health and quality in its offerings, Chagee is set to carve out a unique space within the fast-expanding tea market.

Commitment to Quality and Innovation

The brand’s ethos is deeply rooted in quality, innovation, and community connection. Since its establishment in 2017, Chagee's forward-thinking approach has guided its strategies, allowing it to resonate with a broad audience, as health-conscious consumers increasingly seek delicious and nutritious beverage options.

Company Contact Information

For those eager to learn more or gather additional information regarding their offerings, Chagee has designated contact points.  Investor Relations:
Robin Yang, Partner
ICR, LLC
Email: Chagee.IR@icrinc.com
Phone: +1 (212) 537-5825

Frequently Asked Questions

What is the price of Chagee's IPO?

The initial offering price is set at US$28.00 per ADS.

How many ADSs are being offered in the IPO?

A total of 14,683,991 ADSs are being offered.

What is the ticker symbol for Chagee's ADSs?

Chagee's ADSs will trade under the symbol “CHA” on the Nasdaq.

Who are the underwriters for the IPO?

Key underwriters include Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG.

When is the estimated trading start date?

The ADSs are expected to begin trading shortly after the IPO closing.

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