Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home...
HONG KONG - Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said people with direct knowledge of the matter.
Credit Suisse is the only bank that has so far won the formal mandate for the IPO which will likely take place early in May or June, or the second half of the year, said another person. Luckin, Credit Suisse and Morgan Stanley didn’t immediately respond to requests for comment. Goldman Sachs declined to comment.
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