Chinese tea chain Chagee valued at $6.2 billion as shares pop in Nasdaq debut By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2025
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Source: Investing.com
Chagee's Successful IPO: Chinese tea chain Chagee achieved a valuation of $6.2 billion after its shares rose 21% during its Nasdaq debut, raising $411 million in the largest listing for a Chinese consumer company since early 2021.
Investor Confidence Amid Trade Tensions: The positive market reaction reflects sustained investor confidence in China's domestic consumption growth despite ongoing trade tensions with the U.S., although overall fundraising by Chinese companies on U.S. exchanges has significantly declined.
Analyst Views on RLX
About RLX
RLX Technology Inc is a holding company primarily engaged in the scientific research, technology and product development, supply chain management and distribution of e-vapor products. The products primarily include rechargeable closed-system e-vapor products, open-system products and closed-system disposable products. The products’ brands primarily include Qingyu, Phantom, Phantom Pro, Zeus, Leili, Daqian, Feiliu and Feiliu Mega. The rechargeable e-vapor products consist of a replaceable, snap-in cartridge containing the e-liquid and atomizer, and a device containing the battery and charging portal. The Company is also engaged in the assessment and research of e-liquid and aerosol through RELX Physiochemistry Lab, as well as the evaluation of sensory appeal of e-liquid through the RELX Sensory Analysis Lab. The Company distributes its products within the domestic market and to overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
