Luckin Coffee, the Chinese coffee start-up aspiring to overtake Starbucks in China by number of outlets, is set to be one of the biggest listings by a mainland company in the US this year.
The fast-growing chain, which is backed by investors including US private equity group BlackRock and Singapore sovereign wealth fund GIC, hopes to raise up to $510m with its listing on May 17.
Proponents reckon Luckin will do to China’s coffee market what start-ups have done to ecommerce and ride-hailing, disrupting a staid industry and winning market share before eventually building valuable and profitable businesses.
您已閱讀11%（609字），剩余89%（4901字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。