US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

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<li>Chagee’s IPO surged early but collapsed, falling nearly 70% from its debut high amid intense market and China-based issuer volatility.</li>
<li>Weak U.S. sponsorship and a sales miss triggered sustained selling pressure, pushing CHA far below its $28 issue price.</li>
<li>The deal highlights 2025’s unforgiving IPO environment, where consumer and China-linked listings face sharp downside risk when momentum fades.</li>
</ul>


Chagee’s IPO surged early but collapsed, falling nearly 70% from its debut high amid intense market and China-based issuer volatility.
Weak U.S. sponsorship and a sales miss triggered sustained selling pressure, pushing CHA far below its $28 issue price.
The deal highlights 2025’s unforgiving IPO environment, where consumer and China-linked listings face sharp downside risk when momentum fades.


Chagee Holdings (CHA) Six-Month Summary: Stark Warning on Volatility, China-Based IPO Risk

United States

Black Rock Coffee Bar Inc owns and operates a chain of coffee bars. The Company offers coffee, tea, milkshake, and soft drinks. Black Rock Coffee Bar serves customers in the United States.

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Black Rock Coffee Bar (BRCB US)

Chagee Holdings (CHA) Six-Month Summary: Stark Warning on Volatility, China-Based IPO Risk

Chagee's IPO soared then plummeted, showcasing the harsh reality of the 2025 IPO market for consumer and China-based companies.

IPO Boutique

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52-week Range

Market Cap (USDm)

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Chagee Holdings (CHA) Six-Month Summary: Stark Warning on Volatility, China-Based IPO Risk

​Chagee's IPO soared then plummeted, showcasing the harsh reality of the 2025 IPO market for consumer and China-based companies.

IPO Boutique

Chagee's IPO soared then plummeted, showcasing the harsh reality of the 2025 IPO market for consumer and China-based companies.