Tea chain Chagee listed on the Nasdaq as calls mount to bar Chinese stocks from the U.S. markets.
Chagee executives and employees celebrate after ringing the opening bell at the Nasdaq, April 17, 2025. Credit: Nasdaq
If Chinese company listings on U.S. stock exchanges are soon to be a thing of the past, at least they are leaving with a good taste in the mouth.
Chagee, a fast growing tea store chain, floated on the Nasdaq on April 17, raising some $411 million. Since then its shares have defied the gloom looming over American markets, rising by 10 percent and valuing the company at more than $6 billion. This week, the chain’s first U.S. store opened at a mall in Los Angeles.
Customers at Chagee's stor
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