The Chinese coffee chain enters the market in the United States

Luckin Coffee, which is the Chinese rival to Starbucks, has filed the US stock exchange documents. With an initial public stock market release, the company can get up to 800 million USD in capital, and the young company can become an open rival for Starbucks – origo wrote.

The Beijing-based coffee chain submitted the official documents to the US Regulatory Authority for admission to the US Stock Exchange. Although Luckin Coffee did not disclose exactly how many shares it would like to sell, according to Reuters, the capital injection is expected to be between 500 and 800 million USD. (origo)