Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

What’s new: Chinese startup Luckin Coffee Inc., which was delisted from the Nasdaq in June 2020 following a fake revenue scandal, has denied rumors that it is mulling an IPO in Hong Kong, stressing that it remains “committed to the U.S. capital markets.”

“The company will continue to monitor capital markets developments and evaluate all avenues to deliver value to its stakeholders, but is not currently pursuing a Hong Kong listing,” Luckin said in a brief statement on Monday.