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.
Source: Prospectus
Source: Prospectus
Business
Luckin Coffee commenced its operations in October 2017. The company runs a chain of coffee shops in China.
The company is quite young. However, it has already acquired a massive size.