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Luckin Coffee IPO brings in as much as $650.8M

SmartBrief Friday, 17 May 2019 ()
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News video: Luckin Coffee's piping hot IPO

Luckin Coffee's piping hot IPO 01:03

The Chinese challenger to Starbucks, Luckin Coffee, saw its shares zoom up 47 percent at the open as it debuted on the Nasdaq. But Fred Katayama reports, the startup warns it may keep losing money in the foreseeable future.

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Recent related news from verified sources

Starbucks' China rival Luckin surges in market debut

Shares of Luckin Coffee Inc surged as much as 52.7% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to...
Reuters Also reported by •NewsmaxTechCrunchMarketWatchMotley Fool

Nasdaq Welcomes Luckin Coffee Inc. (Nasdaq: LK) to The Nasdaq Stock Market

NEW YORK, May 17, 2019 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (Nasdaq: LK) (“Luckin Coffee” or the “Company”), China's second largest and fastest-growing...
GlobeNewswire Also reported by •TechCrunchWorldNewsMotley FoolMarketWatchPRWeek

Luckin leaves bitter aftertaste, now trading below IPO price

In the first few days following Luckin Coffee’s initial public offering, the stock chart for LK looked like a roller coaster. Now it’s looking more like a...
TechCrunch Also reported by •MarketWatchSeekingAlphaPRWeek

What Happened in the Stock Market Today

Pinterest fell after it reported results for the first time since its IPO and Chinese coffee chain Luckin Coffee went public.
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After Hours: Qualcomm Hangups, Luckin Coffee's Debut

The post-market trading scene isn't particularly on fire, although there was a hot IPO during the day.
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