China's Starbucks challenger Luckin Coffee said to eye US IPO

China's Starbucks challenger Luckin Coffee said to eye US IPO

A Luckin Coffee outlet in Beijing. Photographer: Gilles Sabrie/Bloomberg

Luckin Coffee, the ambitious Chinese startup rolling out thousands of stores to take on Starbucks Corp., is beginning preparations for a U.S. initial public offering that could raise around $300 million, people with knowledge of the matter said.

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