Chagee holdings limited announces pricing of initial public offering

Shanghai, april 17, 2025 (globe newswire) -- chagee holdings limited (“chagee” or the “company”), a leading premium tea drinks brand serving healthy and delicious freshly-made tea drinks, today announced the pricing of its initial public offering (the “offering”) of 14,683,991 american depositary shares (“adss”), at an initial public offering price of us$28.00 per ads, before underwriting discounts and commissions. each ads represents one class a ordinary share of chagee. the gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by chagee, are expected to be approximately us$411.2 million. in addition, chagee has granted the underwriters a 30-day option to purchase up to an additional 2,202,598 adss at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments.
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