LK - Luckin Coffee Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
50.02
+1.49 (+3.07%)
At close: 4:00PM EST

50.10 +0.08 (0.16%)
After hours: 7:55PM EST

Stock chart is not supported by your current browser
Previous Close48.53
Open49.15
Bid50.04 x 800
Ask50.11 x 800
Day's Range49.06 - 51.38
52 Week Range13.71 - 51.38
Volume17,215,422
Avg. Volume9,341,817
Market Cap13.06B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est42.41
  • GlobeNewswire

    Luckin Coffee Inc. Announces Full Exercise of Option by the Underwriters to Purchase Additional American Depositary Shares

    Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced the closing of the issuance of an additional 1.35 million American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares of the Company, and 0.72 million ADSs offered by the selling shareholder, at US$42.00 per ADS, pursuant to the exercise in full of the underwriters’ option to purchase such additional ADSs in connection with the previously announced follow-on public ADSs offering (“the ADS Offering”). The Company also announced the closing of the issuance of an additional US$60 million in aggregate principal amount of the previously announced concurrent offering of convertible senior notes of the Company (the “Concurrent Note Offering”).

  • GlobeNewswire

    Luckin Coffee Inc. Announces Full Exercise of Option by Initial Purchasers to Purchase Additional Convertible Senior Notes

    Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced that it closed the issuance of an additional US$60 million in aggregate principal amount of the convertible senior notes due 2025 (the “Notes”), pursuant to the exercise in full of the initial purchasers’ option to purchase such additional notes in connection with the previously announced note offering (the “Note Offering”). The Company also announced the closing of the issuance of an additional 2.07 million American Depositary Shares (“ADSs”) of the previously announced follow-on public offering of ADSs (the “ADS Offering”).

  • Coca-Cola Adds Two Powerade Sports Drinks, Enhances Portfolio
    Zacks

    Coca-Cola Adds Two Powerade Sports Drinks, Enhances Portfolio

    Coca-Cola (KO) launches Powerade Ultra and Powerade Power Water under Powerade Sports drink category. This is likely to aid the company's sales.

  • Benzinga

    Pro Investor Says Luckin Coffee More Than Just A Popular Coffee Brand

    China -based Luckin Coffee Inc (NASDAQ: LK ) is blessed with the opportunity of selling coffee in a country with a population of more than 1 billion. The case for liking the Starbucks Corporation (NASDAQ: ...

  • Coca-Cola (KO) Hits 52-Week High: What's Behind the Rally?
    Zacks

    Coca-Cola (KO) Hits 52-Week High: What's Behind the Rally?

    Coca-Cola's (KO) focus on consumer-centric innovation, solid core brand performance and improved execution in the marketplace bode well.

  • PepsiCo Strengthens Snacking Unit, Product Launches on Track
    Zacks

    PepsiCo Strengthens Snacking Unit, Product Launches on Track

    PepsiCo (PEP) is benefiting from its growing snacks business for a while now. It is also strengthening the Frito-Lay North American with flavorful products.

  • GlobeNewswire

    Luckin Coffee Inc. Announces Completion of Follow-on Public Offering of American Depositary Shares

    Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced the completion of the public offering of 9.00 million American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “Primary ADS Offering”), and 4.8 million ADSs offered by the selling shareholder (the “Secondary ADS Offering”, together with the Primary ADS Offering, the “ADS Offering”), at US$42.00 per ADS. Luckin Coffee will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company and the selling shareholder have granted the underwriters of the ADS Offering a 30-day option to purchase up to an additional 2.07 million ADSs.

  • GlobeNewswire

    Luckin Coffee Inc. Closes Offering of US$400 Million Convertible Senior Notes

    Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced that it closed the offering (the “Notes Offering”) of US$400 million in aggregate principal amount of convertible senior notes due 2025 (the “Notes”). The Company has granted the initial purchasers in the Notes Offering an option to purchase up to an additional US$60 million in aggregate principal amount of the Notes. The Company also closed the previously announced concurrent offering of American depositary shares (“ADSs”) of the Company.

  • Luckin Coffee (LK) Catches Eye: Stock Jumps 6%
    Zacks

    Luckin Coffee (LK) Catches Eye: Stock Jumps 6%

    Luckin Coffee (LK) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

  • Buy Starbucks (SBUX) Stock Now for Strong 2020 Growth?
    Zacks

    Buy Starbucks (SBUX) Stock Now for Strong 2020 Growth?

    Starbucks shares have climbed 8% since it reported its Q4 2019 results at the end of October. Is now the time to buy SBUX stock for 2020?

  • Growth in Hard Seltzer to Aid Boston Beer Despite High Costs
    Zacks

    Growth in Hard Seltzer to Aid Boston Beer Despite High Costs

    Boston Beer's (SAM) investments in the Truly brand are likely to bolster its position in the fast-growing hard seltzer category. However, costs and margin woes are clouding its growth potential.

  • GlobeNewswire

    Luckin Coffee Inc. Announces Pricing of US$400 Million Convertible Senior Notes

    Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced the pricing of its previously announced offering (the “Notes Offering”) of US$400 million in aggregate principal amount of convertible senior notes due 2025 (the “Notes”). The Company has granted the initial purchasers in the Notes Offering an option to purchase up to an additional US$60 million in aggregate principal amount of the Notes. The Company plans to use the net proceeds from the Notes Offering for general corporate purposes, which may include store network expansion, unmanned retail initiative, capital expenditure, research and development, sales and marketing, business development, international expansion, working capital, and other general and administrative matters.

  • GlobeNewswire

    Luckin Coffee Inc. Announces Pricing of Upsized Follow-on Public Offering of American Depositary Shares

    Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (LK), a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, today announced the pricing of an upsized public offering of 9.00 million American depositary shares (the “ADSs”), each representing eight Class A ordinary shares (the “Primary ADS Offering”), and 4.80 million ADSs offered by the selling shareholder (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”), at US$42.00 per ADS. Luckin Coffee will not receive any proceeds from the sale of ADSs by the selling shareholder. The Company and the selling shareholder have granted the underwriters of the ADS Offering a 30-day option to purchase up to an additional 2.07 million ADSs.

  • FEMSA Buys a 40% Socofar Stake, Boosts Drugstore Operations
    Zacks

    FEMSA Buys a 40% Socofar Stake, Boosts Drugstore Operations

    FEMSA's (FMX) acquisition of the remaining 40% stake in Grupo Socofar is likely to bolster its drugstore business in South America and Mexico.

  • Dow Jones Futures: As Stock Market Rally Tests Limits, Don't Buy These 5 Hot Stocks Now
    Investor's Business Daily

    Dow Jones Futures: As Stock Market Rally Tests Limits, Don't Buy These 5 Hot Stocks Now

    Futures: The market rally is getting a little euphoric, one more reason to avoid already-extended stocks Apple, Tesla, AMD, Alibaba and Luckin Coffee right now.

  • Luckin Coffee Inc. Analysts Are Pretty Bullish On The Stock After Recent Results
    Simply Wall St.

    Luckin Coffee Inc. Analysts Are Pretty Bullish On The Stock After Recent Results

    Shareholders will be ecstatic, with their stake up 21% over the past week following Luckin Coffee Inc.'s (NASDAQ:LK...

  • Bloomberg

    China’s Starbucks Rival Luckin Snags $778 Million in New Funds

    (Bloomberg) -- Luckin Coffee Inc., the Chinese challenger to Starbucks Corp., has raised a combined $778 million from an additional share sale and a convertible bond offering, topping the amount fetched in its initial public offering last year, people with knowledge of the matter said.The coffee chain upstart, which opened its first store in Beijing in 2017, sold $378 million in new shares at $42 each and a $400 million five-year convertible, the people said, who aren’t authorized to speak publicly and asked not to be identified. The fundraising came less than a year after it raised $645 million in a U.S. listing in May 2019.The cash will help fund its breakneck pace of expansion in China, where it’s seeking to upend Starbucks’s dominance. The company will also use the money to push for international expansion and an “unmanned retail initiative.” The total number of Luckin Coffee stores at the end of September was 3,680, representing a more than two-fold increase from a year earlier.Chinese firms listed overseas -- and particularly in the U.S. -- have been raising additional funds through follow-on share sales or convertibles at an unprecedented pace as many of them need to fund their high growth. NIO Inc., iQIYI Inc., Pinduoduo Inc. and HUYA Inc. all returned to equity markets for sizable offerings within a year of listing.In total, Chinese firms that went public in the U.S. in 2018 raised $4.3 billion selling additional shares and convertible bonds within their first year of trading, according to data compiled by Bloomberg. Convertible bonds made up more than half of that amount, the data show.Luckin Coffee, one of the few U.S. listings by a Chinese firm to have performed well last year, was well placed to tap the market. Its share price has almost tripled since the float, making it the best performer among last year’s cohort, data compiled by Bloomberg show. Since the announcement of the convertible bond and share sale on Tuesday evening U.S. time, Luckin Coffee’s stock price has risen a further 26%.In a sign of strong demand for its latest offering, the number of shares offered was increased by 1.8 million, the people said. The convertible bond was priced in the middle of the marketed coupon range of 0.5% and 1%, with a conversion premium of 30%.Shareholder Centurium Capital also sold 4.8 million shares this week, raising $202 million.To contact the reporters on this story: Julia Fioretti in Hong Kong at jfioretti4@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net;Vinicy Chan in Hong Kong at vchan91@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Margo TowieFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Benzinga

    Option Traders Make Big Bets Luckin Coffee Rally Isn't Over

    ADR (NASDAQ: LK) have skyrocketed 134% in the past three months, pushing the stock to above $43. At 10:16 a.m. ET, a trader bought 1,100 Luckin call options with a $45 strike price expiring on Jan. 17. At 10:17 a.m. ET, a trader bought 513 Luckin call options with a $49 strike price expiring on Jan. 24.

  • Barrons.com

    Starbucks Stock, Up 37% in 2019, Rises on Barclays Upgrade

    The firm lifted its rating on Starbucks to Overweight from Equal Weight and increased its price target to $107 from $90.

  • Financial Times

    Luckin Coffee taps into thirst for Chinese convertible bonds

    made a splash this week by announcing a sale of at least $400m of convertible bonds, as it pushes to overtake Starbucks in its home market. The debt instruments, which switch into equity if shares rise to a pre-determined price, were a big hit with global investors last year. Luckin’s early dip into the market in 2020 suggests the market’s thirst is not yet sated.

  • MarketWatch

    Luckin Coffee launches smart vending machines, Luckin Pop

    Beijing-based Luckin Coffee Inc. announced the launch of Luckin Pop, a smart vending machine, and Luckin Coffee Express, a smart coffee machine, early Wednesday at a press conference. Luckin Pop will be in office buildings, bus terminals, airports and on college campuses and other locations. These two new channels are part of the "unmanned retail network" that Luckin is building, which does away with payroll and rental costs, as well as other expenses, the company said. At the end of 2019, Luckin Coffee had 4,507 self-operated stores. Luckin stock is up 3.6% in Wednesday trading, and has nearly doubled, up 96.3% over the past three months. The S&P 500 index is up 12.2% over the last three months.

  • Benzinga

    Starbucks Biggest Chinese Rival Expands Into Vending Machines Business

    The Xiamen-based company is now expanding into the vending machine business to sell hot and cold beverages, and snacks, Reuters reported on Wednesday. "It allows us to get closer to consumers and we are not restricted by the license approvals," Qian Zhiya, the company's chief executive officer, said at an event where two vending machines were launched, according to Reuters. Luckin's total number of outlets in China increased to 4,500 by the end of 2019, ahead of its competitor Starbucks Corporation's (NASDAQ: SBUX) 4,300.

  • Luckin Coffee seeks more of China market, launches equity deals worth $821 million
    Reuters

    Luckin Coffee seeks more of China market, launches equity deals worth $821 million

    BEIJING/HONG KONG (Reuters) - Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country's biggest coffee chain by number of stores. Luckin founder and CEO Qian Zhiya said the new strategy allowed it to be asset-light and nimble. The three-year-old startup on Wednesday also launched a share placement and a convertible bond worth a combined $821 million, according to two term sheets seen by Reuters, at a time when global stocks fell as Iran fired rockets at U.S.-led forces in Iraq.

  • GlobeNewswire

    Luckin Coffee announces smart unmanned retail strategy, bringing Luckin closer to customers

    BEIJING, Jan. 07, 2020 -- Luckin Coffee Inc. (“Luckin Coffee” or “the Company”) (NASDAQ: LK) announced in a strategy press conference that the Company is entering the unmanned.