Insight Report 5 minutes PremiumLuckin Coffee Leverages Pick-Up Store Format and Delivery Services, IPO Set to Fund Further Expansion Coresight Research May 22, 2019 Executive SummaryLuckin Coffee, China’s answer to Starbucks, raised some $571.2 million through an initial public offering (IPO) of American Depository Receipts for 33 million of its shares on the Nasdaq, pricing its shares at the top end of the pre-listing debut range of $17. The amount raised could hit $650.8 million if the underwriters exercise their option to purchase additional shares. Luckin Coffee provides fast delivery services to attract customers looking for convenience. The company uses a pick-up store format (that also offers delivery) that typically has low rent and fit-out costs to allow the company to expand rapidly at lower cost. Luckin Coffee will use the funds raised through the IPO to open more stores and fund promotions for the coming three to five years. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Retail Shrink and ORC: Retailers Ramp Up Rollout of Anti-Theft Technologies; Shoplifting Offenses in England and Wales Reach Two-Decade High10 Things To Know About Temu, the E-Commerce Marketplace Sweeping the US MarketBrand Influence, Customer Experiences, AI, Sustainability and Talent Matter: Insights from NextGen Commerce, a Coresight Research ConferenceNavigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth
