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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
