China's Luckin Coffee seeks to raise up to $510m in US IPO

China's Luckin Coffee seeks to raise up to $510m in US IPO

An employee prepares an iced coffee beverage in a Luckin Coffee outlet in Beijing, China. Photographer: Gilles Sabrie/Bloomberg

Luckin Coffee Inc., the ambitious startup that is challenging Starbucks Corp. in the race to dominate China’s growing coffee culture, is seeking to raise as much as $510 million in its U.S. initial public offering.

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