Chagee Holdings Limited, originated in Yunnan, China, primarily engaged in the provision of the Chinese-style tea drinks brand – Chagee.
It is a leading premium tea drinks brand, which focuses on premium and freshly-made tea, aiming to integrate Eastern culture with the heritage and innovation of tea drinks, creating a new style of Eastern tea house. Founded in 2017, Chagee has expanded from Southwest China to over 30 provinces and autonomous regions, and has opened stores in Southeast Asia, including Malaysia, Singapore, and Thailand, reaching a total of 6,440 stores by 2024.
With regard to this listing application, CIPCS Group is honored to be engaged in providing valuation services related to preferred shares, employee stock option and incremental borrowing rates assessment for financial reporting purposes.
Congratulations again to Chagee Holdings Limited (CHA.NASDAQ) on its successful listing. The issue price is USD28 per share, and the amount of funds raised is USD411 million.