Davis Polk & Wardwell and King & Wood Mallesons are acting for Luckin Coffee, China’s second largest and fastest-growing coffee network, on its $570 million Nasdaq initial public offering (IPO). The underwriters, represented by Cleary Gottlieb Steen & Hamilton and Jingtian & Gongcheng, were granted an option to purchase up to an additional 495 million ADSs.
Luckin Coffee commenced its operation in October 2017 with a single store in Beijing. Today it has 2370 stores in 28 Chinese cities, after pioneering a technology-driven new retail model with generous subsidies, speedy delivery and viral promotions on social media. The company aims to become the largest coffee network in China, in terms of number of stores, by the end of 2019.
The Davis Polk team was led by corporate partners Li He and James C. Lin, while the KWM team was led by partners Ji Sun and Jingping Zhang.
The Cleary Gottlieb team was led by Hong Kong partner Shuang Zhao, New York partners Jeffrey Karpf and Sandra Flow, and London partner Sebastian Sperber, while the Jingtian & Gongcheng team was led by partners Wei Ren, Xiang Gao and Jinjin Chen.
Conyers Dill & Pearman advised the issuer on Cayman Islands law.
达维和佳利等共同助力瑞幸咖啡登陆纳斯达克、总募集资金净额约5.7亿美元
美国达维律师事务所和金杜律师事务所代表瑞幸咖啡在美国纳斯达克交易所正式挂牌，总募集资金净额约5.7亿美元。瑞幸咖啡目前是中国第二大咖啡连锁品牌，成立至今发展迅速。在该项目中，美国佳利律师事务所和竞天公诚律师事务所共同为承销商提供法律服务。承销商被给与额外认购495万ADSs的选择权。
瑞幸咖啡在2017年10月正式投入运营，当时在北京只有一家门店。发展至今，瑞幸咖啡在全国28个城市共设有2370家门店，得益于其开创的技术驱动的“新零售”模式，也因瑞幸不惜在社交媒体上给出大方补贴、快速递送、“病毒式”促销等营销方式。瑞幸计划在2019年底，仅就店面数量而言，成为中国第一大咖啡连锁品牌。
达维公司业务团队由合伙人何鲤律师和林振宇律师主导，金杜团队由合伙人孙及律师和章敬平律师主导。
佳利团队由香港办公室合伙人Shuang Zhao，纽约办公室合伙人Jeffrey Karpf和 Sandra Flow，以及伦敦办公室合伙人Sebastian Sperber共同主导。竞天公诚团队由合伙人任为律师、高翔律师、陈进进律师共同主导。
康德铭律师事务所在该交易中担任发行商的开曼群岛法律顾问。
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