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Home World USA

Chinese tea chain Chagee files for U.S. initial public offering

26 March 2025
in USA
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Chinese tea chain Chagee files for U.S. initial public offering
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Chinese tea chain Chagee filed for a U.S. initial public offering to trade on Nasdaq as “CHA,” with plans to open its first U.S. store in Los Angeles. Founded in 2017, Chagee has over 6,400 teahouses in China, Malaysia, Singapore, and Thailand, generating $1.7 billion in revenue in 2024. Despite challenges faced by Chinese companies seeking U.S. listings, Chagee aims to expand globally and deliver 15 billion cups of tea annually.

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