Shares of China’s Luckin Coffee Inc surged 47% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in the Asian country.
Starbucks' China rival Luckin serves up a hot debut
Shares of China’s Luckin Coffee Inc surged 47% in their market debut on Friday, indicating strong investor demand for the self-declared challenger to Starbucks Corp in the Asian country.