Nasdaq Welcomes Luckin Coffee Inc. (Nasdaq: LK) to The Nasdaq Stock Market
May 17 2019 - 4:35PM
Luckin Coffee Inc. (Nasdaq: LK) (“Luckin Coffee” or the “Company”),
China's second largest and fastest-growing coffee network in terms
of number of stores and cups of coffee sold, according to the Frost
& Sullivan Report, rang the Nasdaq MarketSite bell in Times
Square today in celebration of its initial public offering (IPO) on
The Nasdaq Stock Market.
“Our mission at Luckin Coffee is to be part of everyone’s
everyday life, starting with coffee, and we believe joining the
Nasdaq Stock Market represents an important milestone on our
journey to achieving this goal,” said Jenny Qian Zhiya, Luckin
Coffee’s Founder and Chief Executive Officer. “Since Luckin
Coffee’s founding in 2017, we have built a large and loyal customer
base in a highly underpenetrated market, becoming China’s second
largest and fastest-growing coffee network. As Luckin Coffee enters
a new chapter as a public company, we look forward to further
expanding the freshly brewed coffee market in China as we execute
on our incredible growth opportunities.”
“So far this year 100% of Chinese IPOs have chosen to list on
Nasdaq. We are thrilled to welcome Luckin Coffee, the biggest
Chinese IPO this year, to the Nasdaq family of the world’s most
innovative companies,” said Bob McCooey, Chairman of Nasdaq Asia
Pacific.
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq. Neither
Nasdaq nor any of its affiliates makes any recommendation to buy or
sell any security or any representation about the financial
condition of any company. Statements regarding Nasdaq-listed
companies are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies
before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
About NasdaqNasdaq (Nasdaq: NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 100
marketplaces in 50 countries. Nasdaq is home to approximately 4,000
total listings with a market value of approximately $14 trillion.
To learn more, visit: http://business.nasdaq.com.
MEDIA RELATIONS CONTACT:
- Emily Pan
- (646) 441-5120
- emily.pan@nasdaq.com
|
- Bianca Fata
- (646) 441-5073
- bianca.fata@nasdaq.com
|
- NDAQG -
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/86a5f460-dcc9-4145-a5d9-0b13e457b2b2
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