Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.
It seemed like a flop a year ago—but autonomous retail is back in the post-Covid world.
Luckin looks to fund its aggressive growth tactics including a vending machine initiative, and expansion into other consumables and overseas markets.
The Olympics may have been delayed, but we saw a gold medal dive from Luckin Coffee’s shares. Its fraud is a cautionary tale—but about what?