(Cha) begins trading in NASDAQ

China’s river chain Çageni’s shares increased by 30%, despite the trade tension between Thursday, Washington and Beijing on Thursday, Washington and Beijing.

Shares trading over Nasdaq using “Cha” opened $ 33.75 per share.

The company was taken from the high level of 26 to 28 dollars, from $ 28 to $ 28 per share. Chagee purchased 14.7 million dollars, $ 411 million and the company estimated about $ 5 billion.

Since its establishment in 2017, the company has grown to more than 6,400 tea in China, Malaysia, Singapore and Thailand. Last year The cracked was created According to regulatory documents, $ 344.5 million worth of $ 1.7 billion dollars.

The company is preparing to open the first place in this summer in Westfield City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City City is preparing to open the first place.

The founder and CEO Junjie Zhang created the chain after inspiring the success of international coffee companies. While China Starbucks’ The second largest market.

Chagee’s IPO lasts a few weeks market After the president Donald Trump applied new tariffs and A trade war ignited With China. Other IPO hopes, including clarna and stubhubAfter the markets were pluged, he postponed his plans to go to the public.

In recent years, China has become less popular for Chinese companies to list the stock exchanges. According to January 2023, 2024, the number of Chinese companies listed in the United States, the United States, according to the US Economic and Safety Vision Commission, decreased by 5%.

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