Chinese tea firm Chagee raises $411 million in New York IPO, sources say
FILE PHOTO: The New York Stock Exchange (NYSE) is seen in New York City, U.S., April 9, 2025. REUTERS/Kylie Cooper/File Photo
SYDNEY : Chinese tea firm Chagee has raised $411 million by setting the price of its shares at $28 each in its New York initial public offering, according to two sources with direct knowledge of the matter.
The sources could not be identified discussing confidential information. Chagee did not immediately respond to a request for comment.
Source: Reuters
