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Luckin Coffee's piping hot IPO

Friday, May 17, 2019 - 01:04

The Chinese challenger to Starbucks, Luckin Coffee, saw its shares zoom up 47 percent at the open as it debuted on the Nasdaq. But Fred Katayama reports, the startup warns it may keep losing money in the foreseeable future.

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The Chinese challenger to Starbucks, Luckin Coffee, saw its shares zoom up 47 percent at the open as it debuted on the Nasdaq. But Fred Katayama reports, the startup warns it may keep losing money in the foreseeable future.

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Luckin Coffee's piping hot IPO

Friday, May 17, 2019 - 01:04