The Chinese tea company CHAGE aims to 400 million dollars in New York, the public subscription, despite the war of tariffs

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The Chinese tea company is to be spoiled by the courage of the volatile market conditions and an intense trade war between the two largest economies in the world as it seeks to raise approximately $ 400 million in its first appearance in New York this week.

The Shanghai -based series, which specializes in drinks such as coffee, such as “Teaspressos” and Oloong “Teapucinos”, hopes to raise $ 396 million before its first day of trading in Nasdaq on Thursday, according to files with organizers in the United States.

The company aims to sell 14.6 million shares between $ 26 and 28 dollars each, which means that there is a fully reduced market formation of about 5.2 billion dollars.

If you succeed, it will be the second largest Chinese list in the United States in more than three years, only 411 million dollars collected by the Zeekr Electric Vehicle Group in May last year, according to Renaissance Capital, a public subscription research provider.

The CHAGE show comes days after the Trump administration increased the definitions of Beijing to about 120 percent amid a commercial war that economists expect to reach global growth.

Several preliminary public offers in the next United States were postponed shortly after Trump’s “Tahrir Day” tariff ads on April 2.

Matthew Kennedy, the chief strategy in Renaissance, said the market turmoil did not stop a “wave” of 24, most of which are small companies, from Chinese companies from the United States this year.

The public subscription bulletin in CHAGE “commercial disputes” is listed as well as changing the American “foreign investment laws” as major risk factors.

Goldman Sachs this week highlighted the increasing concerns that Trump may force Chinese companies to cancel the list of American stock exchanges, and write in a note to customers as “in an extremist scenario, American investors may have to liquidate a value of $ 800 billion in Chinese stocks.”

A person close to Nasdak told the Financial Times that the stock exchange did not hear about the White House.

Some of the market participants also asked about the reason that chose CHAGE, who hopes to expand abroad, in the United States, given the competing Chinese tea companies that have been subjected to the Mixue Group for 82 percent and 51 percent since it became public in Hong Kong in February and March respectively.

“I do not see the reason for their inclusion as a receipt (US deposit receipt) for a local list,” said the Fund’s director in the United States.

The person referred to the excessive retail orders books to increase the subscription significantly, although he added that “public subscription” from CHAGE “may work” given that it “works well as a group.”

Chage works in China are thrived, according to the company’s general subscription constructions. 6440 tea-97 percent homes ran in China-at the end of last year, an increase of 83 percent in 2023, while net revenues increased by 167.4 percent year on year to less than $ 1.7 billion. The net income rose to $ 344 million. In the American coffee series, comparison, it has 7600 stores across China.

Citigroup, Morgan Stanley, Deutsche Bank and Investment China International Capital Corporation as Quistrustersters are on the public subscription in Chagee.

The company said in the release bulletin that RWC Asset Management, Allianz Global Investors ASIA Pacific and Orix ASIA Asset Management indicated their “undisputed” interest in purchasing 51.7 percent of the shares offered for sale.

About 9 percent of Chinese tea was exported by size to the United States last year, as exporters rushed to overcome the expected fees during the Trump era. Chinese tea imports have now been set to meet a tariff rate of more than 100 percent.

“The drink was historically one of the” greatest ambassadors of “China” and “the cradle of the way for trade and negotiations.”