Chinese Bubble Tea Giant Chagee Raises $410 Million in Landmark US IPO Advisors Include Top Legal Firms

Davis Polk & Wardwell and King & Wood Mallesons, both prominent law firms, played integral roles in the launching of Chinese bubble tea company Chagee’s initial public offering (IPO) in the United States. The IPO successfully raised over $410 million, marking the largest consumer IPO for a Chinese company in New York since RLX Technology’s $1.4 billion offering in 2021. This follows a trend where the two legal firms have been frequently advising on major Chinese tea company listings. For additional insights, the original article is available at Law.com International.