Chagee’s Nasdaq Debut: Chinese Premium Tea Chain Soars to $6.2 Billion Valuation

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Chagee, the Chinese premium tea chain, debuted on the Nasdaq on 17 April under the ticker symbol CHA, achieving a valuation of $6.2 billion
Shares opened at $33.75, marking a 21% increase from the IPO price of $28

Chagee sold 14.7 million American Depositary Shares (ADS) at the top end of its marketed range ($26–$28), raising $411 million—the largest U.S. listing for a Chinese consumer company since RLX Technology’s $1.4 billion IPO in January 2021

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