Chagee Holdings Ltd. (Ticker: CHA US) is a Chinese, Cayman Islands-incorporated holding company operating the CHAGEE premium tea drinks brand. Chagee Holdings plans to list on the NASDAQ on April 17, 2025, offering 14.7 million shares at a price range of $26.00 to $28.00 per share, aiming to raise approximately $396.0 million USD. The company operates the largest store network among premium freshly-made tea brands in China, with over 6,400 teahouses globally as of Dec 31, 2024. The estimated market capitalization is $5.0 billion USD. The company conducts its Chinese operations via subsidiaries and does not use a VIE structure. The IPO is managed by Citigroup, Morgan Stanley, Deutsche Bank Securities, and CICC.