Starbucks’ Chinese nemesis Luckin Coffee surges 20 percent in public debut

Shares of Luckin Coffee jumped 20 percent in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50 percent, before settling back down to $20.38 at the market’s close. The company has a market cap north […]...