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🇺🇸 Chinese tea chain Chagee climbs 15% in stock market debut https://t.co/hLOBGqLcQ5
Chagee ($CHA), a Chinese tea chain with 6,400+ stores, raised $411M in its Nasdaq IPO—pricing at the top of range despite a weak IPO market and rising U.S.-China tensions. Founder Junjie Zhang, 30, now holds a ~$1.8B stake. https://t.co/Q4ZfVb5SMn
🇺🇸 Chinese ‘teaspresso’ chain Chagee jumps on Wall Street debut https://t.co/WTUOcG5VOW
Chinese milk tea chain Chagee made its Nasdaq debut, securing a valuation of $6.2 billion after its shares gained between 15% and 21% on the first day of trading. The company raised $411 million in its initial public offering, pricing at the top of its range despite a weak IPO market and ongoing U.S.-China trade tensions. Founded by Junjie Zhang, 30, Chagee operates over 6,400 stores, and Zhang now holds an estimated $1.8 billion stake in the company. The debut reflects strong investor interest in the Chinese beverage sector amid broader market volatility.
