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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