Douglas Research Insights

Douglas Research Insights

Share this post

Douglas Research Insights
Douglas Research Insights
Chagee Holdings IPO Preview

Chagee Holdings IPO Preview

Douglas Kim's avatar
Douglas Kim
Apr 03, 2025
∙ Paid

Share this post

Douglas Research Insights
Douglas Research Insights
Chagee Holdings IPO Preview
1
Share
  • 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.

Keep reading with a 7-day free trial

Subscribe to Douglas Research Insights to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Douglas Kim
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share