Revitalize! Luckin Coffee CEO: Preparing to restart the U.S. stock listing, but there is currently no clear timetable

After being expelled from the U.S. capital market for nearly five years due to a financial fraud scandal, Luckin Coffee is considering returning to the U.S. stock market. On November 12, according to media reports, Luckin Coffee CEO Guo Jinyi stated at an event in Xiamen that the company is preparing to relist in the United States. Guo Jinyi mentioned that once the listing is completed, it will help make Xiamen a more attractive global business and investment destination. However, Guo Jinyi did not disclose specific details regarding the company's relisting progress. In response, Luckin Coffee sent an email statement to the media stating, "The company has always been committed to the U.S. capital market, but there is currently no clear timetable for relisting on the main board. Our top priority now is to focus on strategic execution, deepen business operations and development, and continuously enhance brand influence and market competitiveness." This statement indicates that Luckin Coffee's plans in the U.S. market are still in the early stages, and specific progress remains unclear. The company's current depositary receipts continue to trade in the over-the-counter market. From Scandal to Business Recovery The coffee chain brand headquartered in Xiamen was embroiled in a $310 million revenue fraud scandal in 2020 and was forced to delist from the Nasdaq in June of the same year, subsequently paying approximately $180 million in fines. With the support of top investor Centurium Capital, Luckin has made a strong recovery and has now surpassed Starbucks to become the largest coffee retailer in China, while accelerating its expansion into the U.S. market. This year, Luckin Coffee has opened five stores in New York, all located in the core area of Manhattan. According to an article from Wall Street Insight, after experiencing a period of negative same-store sales growth in 2024, Luckin Coffee has shown strong recovery momentum this year. In the second quarter, Luckin not only achieved significant revenue growth but, more importantly, its core metric—same-store sales growth rate soared to 13.4%, in stark contrast to -20.9% in the same period last year. The second-quarter financial report shows that in the second quarter of 2025, Luckin Coffee's total net revenue was 12.359 billion yuan, a year-on-year increase of 47.1%. The second-quarter GAAP operating profit increased by 61.8% year-on-year, reaching 1.7 billion yuan, with an operating profit margin rising to 13.8%, and GMV reaching 14.179 billion yuan