![]() First, that Luckin grew staggeringly quickly in 2018. Reading those figure we can see two things. Q1 2019: 478.5 million yuan (+2.8 percent from Q4)įor reference, the final 478.5 million yuan figure is $71.3 million.Here are its quarterly revenue figures and sequential growth rates starting in Q1 2018, and concluding Q1 2019, in yuan: What we care more about, then, are its quarterly figures. Thus, it’s 2018 revenue of $125.3 million is 336,178 percent greater than what the firm recorded in the preceding year. That’s because it was founded in October of that year. Luckin had effectively no revenue in 2017. However, even in the current tech era, where losses in the name of growth are not considered profane, Luckin is spending a lot of money. Lucking Coffee is a high-burn, growth-oriented operation. One thing is clear: Luckin is not going public late this company is still baking. In practical terms, the information disclosed in F-1s is interchangeable with Form F-1s.)īut what we do have is a look at how quickly Luckin is growing, and how much that growth has cost. (Note: an F-1 is basically the same thing as an S-1, except for Foreign-HQ’d companies, hence the “F” prefix. Luckin scribbled $100 million in its F-1 filing for its own placeholder. Initial IPO filings traditionally do not contain more than a placeholder figure for how much may be raised in a debut. What Luckin will be worth, and how much money it intends to raise are, at this point, unknown. The firm intends to list on the Nasdaq with the ticker symbol “LK.” Minutes after raising a fresh $150 million, China-based Luckin Coffee filed to go public in the United States. Freelance Writers: How To Pitch Crunchbase News.
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