Luckin Coffee, founded in 2017, is a newly emerging coffee chain brand in China. Its founder is Jenny Qian Zhiya, a former Shenzhou Youche Group COO. Over the past 1-2 years, Luckin coffee brand has rapidly gained popularity in the Chinese domestic market and gotten a lot of exposure among the country’s social media platforms through aggressive marketing promotions (including inviting top actress Tang Wei, actor Zhang Zhen to endorse the brand, etc.) and rapid physical store expansion strategy.
So is Luckin Coffee a public company? Where is it listed? What is its stock ticker symbol? What are company’s revenue and profit data? Let’s take a quick look.
According to publicly available information, Luckin Coffee is currently listed on Nasdaq, USA. The stock trading symbol is LK. The company plans to raise around $500 million through an IPO. In financial year 2018, the annual revenue of Luckin Coffee was about 840 million RMB. However, so far, Luckin Coffee has not yet made a profit. Its net profit in 2018 was negative, with a loss of 1.6 billion RMB.
related links:
https://en.wikipedia.org/wiki/Luckin_Coffee
https://investorplace.com/2019/05/luckin-coffee-ipo-15-things-for-investors-to-know-about-lk-stock/