Luckin Coffee, a Chinese coffee retailer offering pick-up and delivery via a mobile app, raised $561 million by offering 33 million ADSs at $17, the high end of the range of $15 to $17. It had previously filed to offer 30 million ADSs.
Luckin Coffee plans to list on the Nasdaq under the symbol LK. Credit Suisse, Morgan Stanley, CICC and Haitong International acted as lead managers on the deal.
