The IPO Buzz: Chagee (CHA) Prices IPO at $28 – High End – & Stock Opens Up 20.5 Percent

Chagee Holdings Limited (CHA), a Chinese teahouse chain, priced its IPO at $28.00 – the top of its $26.00-to-$28.00 price range – and sold 14.7 million American Depositary Shares (14,683,991 ADS) – the number of ADS in the prospectus – to raise  $411.15 million on Wednesday night, April 16, 2025. Chagee’s ADS shot up to open at $33.75 - up $5.75 for a 20.5 percent gain - at 11:43 a.m. ..

Read more April 17, 2025

IPO Calendar

Company Symbol proposed Lead Managers Shares (Millions) Price Low Price High Est. $ Volume Expected to Trade SCOOP Rating Rating Change
AIRO Group Holdings AIRO Cantor/BTIG/Mizuho/Bancroft Capital 5.0 14.00 16.00 $ 75.0 mil 4/17/2025 Postponed S/O S/O
Chagee Holdings Ltd. CHA Citigroup/Morgan Stanley/Deutsche Bank Securities/CICC 14.7 28.00 28.00 $ 411.2 mil 4/17/2025 Priced S/O S/O
Everbright Digital Holdings Ltd. EDHL Dominari Securities/Revere Securities 1.5 4.00 5.00 $ 7.0 mil 4/17/2025 Priced S/O S/O
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Last 100 IPOs - April 19, 2025

Number of IPOs priced : 100
Number Up: 54
Number Down: 42
Number Unchanged: 4
Percentage Change From Issue Price: 17.73%
Percentage Change for The Nasdaq Composite 3.23%

2025 IPO Scorecard - April 19, 2025

Number of IPOs priced (Excluding 23 units) : 76
Number Up: 42
Number Down: 31
Number Unchanged: 3
Total Return From Issue Price: 20.59%
The Nasdaq Composite Index YTD % Change 35.22%