World News: 22:04 GMT Friday 17th May 2019. [Yahoo Business News Feed via SPi World News]
Luckin sold 33 million American depositary shares Thursday for $17 each, after marketing 30 million shares for $15 to $17. The IPO topped earlier expectations of a share sale that people familiar with the plans said in February could raise about $300 million. Concurrent with the IPO, the company raised an additional $50 million through a private placement with Louis Dreyfus Co., according to its filings.
Read More: https://finance.yahoo.com/news/china-starbucks-rival-luckin-raises-223006453.html
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