Chagee Holdings Ltd.

Chagee Holdings Ltd. (CHA) priced its initial public offering on Apr 18, 2025 at $28.00 per ADS, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $3.31B. Citigroup was lead-left underwriter, joined by Morgan Stanley, Deutsche Bank and CICC and others. Davis Polk, Maples and Calder and King & Wood Mallesons advised the company and Cleary Gottlieb and Fangda Partners advised the underwriters.

Chagee Holdings Ltd. is a premium tea drinks brand serving freshly made tea drinks, created in 2017. It combines technology and branding to make tea drinking a modern experience, modeled on how international coffee chains turned coffee into a lifestyle.

Status

IPO

Ticker

CHA

Exchange

Nasdaq Global Select

Priced

Apr 18, 2025

IPO price

$28.00 per ADS

Market cap at IPO price

$3.31B

First filed

Mar 25, 2025

Underwriters

Citigroup, Morgan Stanley, Deutsche Bank, CICC, US Tiger and Valuable Capital

Company counsel

Davis Polk, Maples and Calder and King & Wood Mallesons

Underwriters' counsel

Cleary Gottlieb and Fangda Partners

Sector

Consumer

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.