** Chinese tea firm Chagee CHA.O set for Nasdaq debut on Thursday
** Shanghai-based CHA sold ~14.7 million American depositary shares at the top end of its marketed range of $26 to $28 apiece to raise $411.2 million
** Listing marks first notable U.S. IPO since President Trump unveiled sweeping tariffs earlier this month
** At the IPO price, Chagee fetched a valuation of $5.1 billion
** Citigroup, Morgan Stanley, Deutsche Bank and CICC were the lead underwriters for the offering
** Founded in 2017, Chagee is a Chinese premium tea drinks brand
** Cornerstone investors subscribed for Chagee's shares worth up to $205 million
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.