Chinese Tea Chain Chagee Reportedly Raises $411 Million in US IPO

MT Newswires Live

2025/04/17

Chagee (CHA) has raised $411 million in its US initial public offering after pricing it at the top end of the marketed range, various news outlets reported.

The Chinese tea chain sold about 14.7 million American depositary shares at $28 each, Bloomberg News reported, citing people familiar with the matter.

Chagee did not immediately reply to MT Newswires' request for comment.

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