A Rival to Starbucks in China Brews Up a Frothy IPO

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Heard on the Street: Don’t rush into this IPO of a Chinese rival to Starbucks.

Luckin Coffee, the largest coffee chain in the country after Starbucks, is looking to raise up to $560 million in a Nasdaq IPO and a simultaneous share placement to commodities trader Louis Dreyfus. The listing could value the company at a maximum of about $4 billion.

 

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