Stock Track | Chagee Holdings (CHA) Surges 5.02% as Underwriters Exercise Over-Allotment Option

Stock Track05-01

Shares of Chagee Holdings Limited (NASDAQ: CHA), a leading premium tea drinks brand, soared 5.02% in early trading on Thursday following the announcement that underwriters of its recent U.S. initial public offering (IPO) have exercised their over-allotment option.

The company revealed that the underwriters purchased an additional 2,202,598 American Depositary Shares (ADSs) at the initial public offering price of US$28.00 per ADS. This move generated approximately US$61.7 million in additional gross proceeds for Chagee, before deducting underwriting discounts and commissions. The exercise and closing of this over-allotment option, which occurred on April 30, 2025, signals strong investor demand for Chagee's shares following its IPO.

Chagee Holdings, founded in 2017, has made a name for itself by transforming traditional tea culture into a modern lifestyle experience. The company's focus on serving healthy and delicious freshly-made tea drinks, coupled with its use of cutting-edge technology and innovative branding, has positioned it as a disruptor in the global tea industry. The strong market response to its IPO and the subsequent exercise of the over-allotment option suggest that investors are optimistic about Chagee's growth prospects and business model.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1123639461?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-05-01 22:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1123639461","market":"hk","top_or_hot":-1,"title":"Stock Track | Chagee Holdings (CHA) Surges 5.02% as Underwriters Exercise Over-Allotment Option","media":"Stock Track","content":"<p>Shares of Chagee Holdings Limited (NASDAQ: CHA), a leading premium tea drinks brand, soared 5.02% in early trading on Thursday following the announcement that underwriters of its recent U.S. initial public offering (IPO) have exercised their over-allotment option.</p>\n\n<p>The company revealed that the underwriters purchased an additional 2,202,598 American Depositary Shares (ADSs) at the initial public offering price of US$28.00 per ADS. This move generated approximately US$61.7 million in additional gross proceeds for Chagee, before deducting underwriting discounts and commissions. The exercise and closing of this over-allotment option, which occurred on April 30, 2025, signals strong investor demand for Chagee's shares following its IPO.</p>\n\n<p>Chagee Holdings, founded in 2017, has made a name for itself by transforming traditional tea culture into a modern lifestyle experience. The company's focus on serving healthy and delicious freshly-made tea drinks, coupled with its use of cutting-edge technology and innovative branding, has positioned it as a disruptor in the global tea industry. The strong market response to its IPO and the subsequent exercise of the over-allotment option suggest that investors are optimistic about Chagee's growth prospects and business model.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Chagee Holdings (CHA) Surges 5.02% as Underwriters Exercise Over-Allotment Option</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Chagee Holdings (CHA) Surges 5.02% as Underwriters Exercise Over-Allotment Option\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-05-01 22:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Chagee Holdings Limited (NASDAQ: CHA), a leading premium tea drinks brand, soared 5.02% in early trading on Thursday following the announcement that underwriters of its recent U.S. initial public offering (IPO) have exercised their over-allotment option.</p>\n\n<p>The company revealed that the underwriters purchased an additional 2,202,598 American Depositary Shares (ADSs) at the initial public offering price of US$28.00 per ADS. This move generated approximately US$61.7 million in additional gross proceeds for Chagee, before deducting underwriting discounts and commissions. The exercise and closing of this over-allotment option, which occurred on April 30, 2025, signals strong investor demand for Chagee's shares following its IPO.</p>\n\n<p>Chagee Holdings, founded in 2017, has made a name for itself by transforming traditional tea culture into a modern lifestyle experience. The company's focus on serving healthy and delicious freshly-made tea drinks, coupled with its use of cutting-edge technology and innovative branding, has positioned it as a disruptor in the global tea industry. The strong market response to its IPO and the subsequent exercise of the over-allotment option suggest that investors are optimistic about Chagee's growth prospects and business model.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHA","symbol_name":"霸王茶姬","start_time":0,"source_url":"","article_id":"1123639461","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1123639461","pubTimestamp":1746108251,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chagee Holdings Limited , a leading premium tea drinks brand, soared 5.02% in early trading on Thursday following the announcement that underwriters of its recent U.S. initial public offering  have exercised their over-allotment option.The company revealed that the underwriters purchased an additional 2,202,598 American Depositary Shares  at the initial public offering price of US$28.00 per ADS. This move generated approximately US$61.7 million in additional gross proceeds for Chagee, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CHA":"霸王茶姬"},"translate_title":"股票轨迹Chagee Holdings(CHA)因承销商行使超额配股权而飙升5.02%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHA":1},"content_text":"Shares of Chagee Holdings Limited (NASDAQ: CHA), a leading premium tea drinks brand, soared 5.02% in early trading on Thursday following the announcement that underwriters of its recent U.S. initial public offering (IPO) have exercised their over-allotment option.\nThe company revealed that the underwriters purchased an additional 2,202,598 American Depositary Shares (ADSs) at the initial public offering price of US$28.00 per ADS. This move generated approximately US$61.7 million in additional gross proceeds for Chagee, before deducting underwriting discounts and commissions. The exercise and closing of this over-allotment option, which occurred on April 30, 2025, signals strong investor demand for Chagee's shares following its IPO.\nChagee Holdings, founded in 2017, has made a name for itself by transforming traditional tea culture into a modern lifestyle experience. The company's focus on serving healthy and delicious freshly-made tea drinks, coupled with its use of cutting-edge technology and innovative branding, has positioned it as a disruptor in the global tea industry. The strong market response to its IPO and the subsequent exercise of the over-allotment option suggest that investors are optimistic about Chagee's growth prospects and business model.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"CCBot/2.0 (https://commoncrawl.org/faq/)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.34.1","shortVersion":"4.34.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1123639461"}