trending Market Intelligence /marketintelligence/en/news-insights/trending/7JdKdpd-nXEI5Q5qilLlQA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Luckin Coffee chairman seeking $200M bank loan in exchange for IPO role

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Report: Luckin Coffee chairman seeking $200M bank loan in exchange for IPO role

Lu Zhengyao, the chairman of Chinese coffee shop chain Luckin Coffee, has tapped banks, including Goldman Sachs and Morgan Stanley, for at least a $200 million loan, in exchange for awarding them mandates in the startup's planned U.S. IPO, Reuters reported, citing people with knowledge of the matter.

Luckin has already selected Credit Suisse Group AG to lead the offering, which could take place as soon as May and raise the company's value to about $3 billion, the report said. It was earlier reported that Luckin was looking to raise $300 million in the IPO.

Credit Suisse has already agreed to provide a part of the $200 million loan, Lu Zhengyao reportedly told the other banks that are interested in the IPO.

In case Luckin fails to go public, the loan collateral will be replaced by Lu Zhengyao's shares in car and fleet rental service Car Inc., where he is chairman, according to the report. He owns approximately 33% of Car Inc.