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DNKN - Luckin Coffee IPO: Blackrock Financed The Chinese Starbucks
Dunkin' Brands Group Inc.
Reporting magnificent growth and having well-known investors behind, Luckin Coffee (LK) is a name to be followed carefully. While most investors will not appreciate that LK is very young, the company already runs a significant amount of stores. Besides, if the sales continue to grow at the same pace, the total enterprise value should approximate $1-1.4 billion.