Chinese coffee chain upstart Luckin Coffee on Monday filed an initial public offering (IPO) with the US Securities and Exchange Commission in an effort to fund its escalating battle with rival Starbucks.

The Xiamen-based coffee chain, which will list on Nasdaq using the symbol, “LK,” set a placeholder amount of $100 million in the filing. Bloomberg News reported in February the company is targeting around $300 million.

The company declined to offer further details when contacted by TechNode citing the quiet period.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.