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Luckin Coffee IPO brings in as much as $650.8M

Credit: SmartBrief- Published 3 days ago
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Credit: Reuters Studio
Published 3 days ago -  01:03
Luckin Coffee's piping hot IPO
The Chinese challenger to Starbucks, Luckin Coffee, saw its shares zoom up 47 percent at the open as it debuted on the Nasdaq. But Fred Katayama reports, the startup warns it may keep losing money in the foreseeable future.

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