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Joele Frank, Wilkinson Brimmer Katcher and ICR Inc. handled the high-profile IPO of China's Luckin Coffee, which began trading today on the NASDAQ with an initial market valuation of about $4B.
The two-year-old company, which is opening 200 to 300 stores a month, aims to remove Starbucks from its perch as the top coffee shop in China.
Luckin has 2,370 stores in 28 cities, while Starbucks has more than 3,300 outlets.
Its outlets, which don't accept cash and lack seating, are geared to takeout and pick-up business
The company generated sales in the $120M range in 2018.
JFWBK's Ed Trissel, Leigh Parrish, Scott Bisang and Amy Feng represent Luckin, while ICR has Bill Zima and Fitzhugh Taylor on the account.
FGS Global represents private equity firm Thoma Bravo as it makes a $4.6B bid for Darktrace, a UK-based cybersecurity artificial intelligence firm.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
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