Luckin Coffee's IPO Day Surge Hints At Its Large Market Potential In China [Seeking Alpha]
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
Check Earnings Report
Company Research
Source: Seeking Alpha
Luckin Coffee's IPO Day Surge Hints At Its Large Market Potential In China Summary Luckin Coffee surges almost 20% on its IPO. Luckin Coffee can be profitable once it curtails its huge sales and marketing spend. Luckin Coffee is Starbuck's only significant competitor in China and could benefit from consumer sentiment shifts due to the US China trade war. The increasing trade tension between China and the US LK IPO prospectus For readers who have not looked into Luckin Coffee's general business overview, I will briefly summarize them before crunching its operating numbers. As a newly company, all the information in this article was taken from LK's The IPO size was 33 ADR million shares with an over-allotment of an additional 4.95 million shares. If LK shares do well and hold above the $17 IPO price, it's likely that the over-allotment will be fully exercised. Each ADR represents 8 ordinary shares and there are 1.883 billion ordinary shares post IPO, or about 235.4 million ADR equivalen
Show less
Read more
Impact Snapshot
Event Time:
LK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LK alerts
High impacting Luckin Coffee Inc. news events
Weekly update
A roundup of the hottest topics