(Reuters) – Chinese tea drink brand Chagee on Tuesday filed for an initial public offering in the United States.
Chagee expects to list shares on the Nasdaq Global Select
Market under the symbol “CHA.”
Founded in 2017, Chagee is a premium tea brand. As of December 31, 2024, its network comprised 6,440 teahouses, including 6,284 in China, the company said.
Citigroup, Morgan Stanley, CICC and Deutsche Bank are the lead underwriters for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Alan Barona)
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