SYDNEY (Reuters) - Chinese tea firm Chagee has raised $411 million by setting the price of its shares at $28 each in its New York initial public offering, according to two sources with direct knowledge of the matter.
The sources could not be identified discussing confidential information. Chagee did not immediately respond to a request for comment.
(Reporting by Scott Murdoch; Editing by Kim Coghill)
Did you find this insightful?
Bad
Just Okay
Amazing