Chagee Holdings IPO Preview

Apr 03, 2025

∙ Paid

Chagee Holdings (CHA US) is getting ready to complete its IPO on NASDAQ in the next several weeks. Chagee is one of the largest premium tea chains in China.
The company's sales and profits have been exploding higher in the past three years. Its sales jumped from 0.5 billion RMB in 2022 to 12.4 billion RMB in 2024.
Chagee could raise more than $500 million in this IPO. However, this is subject to change.

Source: Chagee Holdings

Key Financials

Income Statement Analysis - The company's sales and profits have been exploding higher in the past three years. Its sales jumped from 0.5 billion RMB in 2022 to 4.6 billion RMB in 2023, and 12.4 billion RMB in 2024. Its sales increased by more than 9x in 2023 and by 167% YoY in 2024.

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