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Ever since rapidly growing Chinese coffee retailer Luckin Coffee (NASDAQ:LK) hit the public markets at an IPO price of $17 per share in May 2019, I've been pounding on the table, calling LK stock ...
2020 has seen investors chase some strange stocks, but Luckin Coffee (OTCMKTS:LKNCY) might be at the top of the list. Luckin disclosed one of the most brazen frauds in history, leading its stock ...
Many know China as a nation of tea-drinkers. But coffee consumption has begun to take off in the country, and so quite a number of investors have taken an interest in shares of Luckin Coffee ...
[15] [16] Luckin is currently headquartered in Xiamen. Luckin Coffee quickly expanded over the years and outnumbered the number of Starbucks stores in China by 2019. [17] In April 2020, the company revealed that it had inflated its 2019 sales revenue by up to US$310 million. It resulted in the stock price crashing and several executives being ...
Amid the much hyped but ultimately disappointing spate of initial public offerings stands Luckin Coffee (NASDAQ:LK). Unlike names such as Uber (NYSE:UBER) or Lyft (NASDAQ:LYFT), Luckin doesn't ...
Luckin Coffee (OTCMKTS:LKNCY) will go down as one of 2020’s more sobering investing stories. In a crazy year where just about everything crashed and then subsequently recovered, Luckin Coffee ...
Disgraced Chinese coffeeshop chain Luckin Coffee (OTCMKTS:LKNCY) has been on a negative streak of late after filing for a Chapter 15 bankruptcy protection. The downside seems priced in, though, as ...
[Editor's note: This story was written prior to the news that Luckin Coffee allegedly fabricated its sales. Given these allegations, all investors should approach this stock with great caution ...