King & Wood Mallesons advises Luckin Coffee Inc. in its NASDAQ IPO

On 17 May 2019, Luckin Coffee Inc. ("Luckin Coffee") successfully launched its IPO on NASDAQ as "LK.". Luckin Coffee priced its IPO of 33 million American Depositary Shares (ADSs) at US$17 per ADS, raising approximately US$645 million after the underwriters exercise the over-allotment option.

As the PRC counsel to Luckin Coffee, Kind & Wood Mallesons was deeply involved in the transaction, in respect of PRC legal due diligence, review and revisions of the prospectus, responses to the comments of the US Securities and Exchange Commission, issuance of legal opinion and other important legal issues. KWM has maintained a close cooperative relationship with Luckin Coffee since its inception. KWM has taken lead in advising Luckin Coffee on its Series A, Series B and Series B+ financings before its IPO. The total proceeds from its pre-IPO financings were US$550. KWM has provided comprehensive, professional, high-quality and efficient legal services for the client whether in the IPO or in the pre-IPO financings.

This transaction was led by partners Sun Ji and Zhang Jingping.