U.S. Stock Movement | "Eastern Starbucks" Chagee Holdings Ltd. debuts on the U.S. stock market with opening stock price rising over 34%
On Thursday, the Chinese milk tea chain brand Chagee Holdings Ltd. debuted on the US stock market, with its opening stock price rising. As of the time of writing, the stock has increased by over 34%, trading at $37.775. The IPO price was $28 per share. As of December 31, 2024, the Chagee brand has 6,440 stores, including 6,284 stores in China and 156 stores overseas. Within its store network, 6,271 are franchised, and 169 are company-owned. In 2024, the average monthly sales per store in China were 25,099 cups (a year-on-year increase of 5%), with an average monthly GMV of approximately $70,000 per store in China (a year-on-year increase of 6%)
According to Zhitong Finance APP, on Thursday, the Chinese milk tea chain brand Chagee Holdings Ltd. (CHA.US) debuted on the US stock market, with the opening stock price rising. As of the time of publication, the stock had increased by over 34%, trading at $37.775. The IPO price was $28 per share. As of December 31, 2024, the Chagee brand has 6,440 stores, including 6,284 stores in China and 156 stores overseas. Among its store network, 6,271 are franchised, and 169 are company-owned. In 2024, the average monthly sales per store in China were 25,099 cups (a year-on-year increase of 5%), with an average monthly GMV of approximately $70,000 per store in China (a year-on-year increase of 6%)
