Starbucks: China's Milk Tea Chain Chagee Files For Nasdaq IPO Under 'CHA,' Taking On Starbucks In Growing Market

Chagee Holdings Limited, a premium tea drink brand, has filed with the Securities and Exchange Commission to list its ADSs on the Nasdaq Global Select Market under the ticker "CHA." The company aims to fuel its expansion in the growing freshly-made tea drinks market through this IPO. Founded in 2017, Chagee has grown rapidly. As of Dec. 31, its network included 6,440 teahouses, with 6,284 in China, making it ...Full story available on Benzinga.com