Funds affiliated with CDH Investment Management Co, RWC Asset Management and RWC Asset Advisors (US), Allianz Global Investors Asia Pacific and ORIX Asia Asset Management indicated interest in buying as much as US$205 million worth of ADS in aggregate at the IPO price, the filing shows.
Chagee Holdings, a Chinese tea chain, is seeking to raise US$411 million in an initial public offering in the US, despite spiking stock volatility from President Donald Trump’s tariff measures.
The Shanghai-based company is offering 14.68 million American depositary shares for US$26 to US$28 each, according to a filing Thursday with the US Securities and Exchange Commission. At the top of the price range, Chagee would have a market value of about US$3.3 billion based on the outstanding shares listed in the filing.
