A Luckin Coffee store in Beijing, China in February. Photo: Reuters

Starbucks’ Chinese rival Luckin Coffee seeks to raise up to US$586.5 million in US initial public offering

  • Luckin Coffee currently operates 2,370 stores and plans to open 2,500 more this year as it tries to displace Starbucks as China’s largest coffee chain
  • The company intends to list on Nasdaq under the symbol ‘LK’
Topic |   IPO

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A Luckin Coffee store in Beijing, China in February. Photo: Reuters
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