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Chinese tea brand Chagee eyes $5b valuation in US IPO amid choppy market conditions

Chinese tea brand Chagee eyes $5b valuation in US IPO amid choppy market conditions

FILE PHOTO: A view shows the New York Stock Exchange (NYSE) Wall Street entrance in New York City, U.S., April 7, 2025. REUTERS/Kylie Cooper/File Photo

Chinese tea chain Chagee said on Thursday it was targeting a valuation of up to $5.1 billion in its U.S. initial public offering, braving choppy market conditions.

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