Filing Details
- Accession Number:
- 0001061165-20-000006
- Form Type:
- 13G Filing
- Publication Date:
- 2020-01-13 16:47:21
- Filed By:
- Lone Pine Capital
- Company:
- Luckin Coffee Inc. (NASDAQ:LK)
- Filing Date:
- 2020-01-13
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Lone Pine Capital | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
| Lone Cypress, Ltd | 0 | 5,107,264 | 0 | 5,107,264 | 5,107,264 | 5.2% |
| David F. Craver | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
| Brian F. Doherty | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
| Mala Gaonkar | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
| Kelly A. Granat | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
| Stephen F. Mandel, Jr | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
| Kerry A. Tyler | 0 | 10,345,069 | 0 | 10,345,069 | 10,345,069 | 10.6% |
Filing
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| SCHEDULE 13G/A | |
| Under the Securities Exchange Act of 1934 | |
| (Amendment No. 1 )* | |
| Luckin Coffee Inc. | |
| (Name of Issuer) | |
| American Depositary Shares, Each Representing Eight (8) Class A Ordinary Shares, Par Value US$0.000002 Per Share | |
| (Title of Class of Securities) | |
| 54951L109 | |
| (CUSIP Number) | |
| January 9, 2020 | |
| (Date of Event Which Requires Filing of This Statement) | |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | |
| ☐ | Rule 13d-1(b) |
| X | Rule 13d-1(c) |
| ☐ | Rule 13d-1(d) |
| (Page 1 of 13 Pages) | |
______________________________
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 54951L109 | 13G/A | Page 2 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Lone Pine Capital LLC | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON OO | |||
| CUSIP No. 54951L109 | 13G/A | Page 3 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Lone Cypress, Ltd. | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 5,107,264 American Depositary Shares, Representing 40,858,112 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 5,107,264 American Depositary Shares, Representing 40,858,112 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,107,264 American Depositary Shares, Representing 40,858,112 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.2% | |||
| 12 | TYPE OF REPORTING PERSON OO | |||
| CUSIP No. 54951L109 | 13G/A | Page 4 of 13 Pages |
| 1 | NAME OF REPORTING PERSON David F. Craver | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
| CUSIP No. 54951L109 | 13G/A | Page 5 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Brian F. Doherty | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
| CUSIP No. 54951L109 | 13G/A | Page 6 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Mala Gaonkar | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
| CUSIP No. 54951L109 | 13G/A | Page 7 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Kelly A. Granat | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
| CUSIP No. 54951L109 | 13G/A | Page 8 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Stephen F. Mandel, Jr. | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
| CUSIP No. 54951L109 | 13G/A | Page 9 of 13 Pages |
| 1 | NAME OF REPORTING PERSON Kerry A. Tyler | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ (b) ☐ | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 0 | ||
| 6 | SHARED VOTING POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.6% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
| CUSIP No. 54951L109 | 13G/A | Page 10 of 13 Pages |
| Item 1(a). | NAME OF ISSUER |
| Luckin Coffee Inc. (the "Issuer") | |
| Item 1(b). | ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES |
| 17F BLOCK A, TEFANG PORTMAN TOWER | |
| NO. 81 ZHANHONG ROAD, SIMING DISTRICT XIAMEN, FUJIAN F4 361008 |
| Item 2(a). | NAME OF PERSON FILING |
| This statement is filed by: Lone Pine Capital LLC, a Delaware limited liability company ("Lone Pine Capital"), which serves as investment manager to Lone Spruce, L.P., a Delaware limited partnership ("Lone Spruce"), Lone Cascade, L.P., a
Delaware limited partnership ("Lone Cascade"), Lone Sierra, L.P., a Delaware limited partnership ("Lone Sierra"), Lone Cypress, Ltd., a Cayman Islands exempted company ("Lone Cypress"), and Lone Monterey Master Fund, Ltd., a Cayman Islands
exempted company ("Lone Monterey Master Fund", and together with Lone Spruce, Lone Cascade, Lone Sierra, Lone Cypress and Lone Monterey Master Fund, the "Lone Pine Funds"), with respect to the American Depositary Shares directly held by each
of the Lone Pine Funds. Lone Pine Capital has the authority to dispose of and vote the shares of American Depositary Shares directly held by the Lone Pine Funds. Lone Cypress, Ltd., a Cayman Islands exempted company. David F. Craver ("Mr. Craver"), Brian F. Doherty ("Mr. Doherty"), Mala Gaonkar ("Ms. Gaonkar"), Kelly A. Granat ("Ms. Granat"), and Kerry A. Tyler ("Ms. Tyler"), each an Executive Committee Member of Lone Pine
Managing Member LLC, which is the Managing Member of Lone Pine Capital, with respect to the American Depositary Shares directly held by each of the Lone Pine Funds. Stephen F. Mandel, Jr. ("Mr. Mandel"), the Managing Member of Lone Pine Managing Member LLC, which is the Managing Member of Lone Pine Capital, with respect to the American Depositary Shares directly held by
each of the Lone Pine Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons". Any disclosures herein with respect to persons other than the Reporting Persons are made on information and
belief after making inquiry to the appropriate party. None of the Reporting Persons directly own any shares of American Depositary Shares. | |
| Item 2(b). | ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE |
| The address of the business office of each of the Reporting Persons is Two Greenwich Plaza, Greenwich, Connecticut 06830. | |
| Item 2(c). | CITIZENSHIP |
| Lone Pine Capital is a limited liability company organized under the laws of the State of Delaware. Mr. Craver, Mr. Doherty, Ms. Gaonkar, Ms. Granat, Mr. Mandel, Ms. Tyler are United States citizens. |
| Item 2(d). | TITLE OF CLASS OF SECURITIES |
| American Depositary Shares, Each Representing Eight (8) Class A Ordinary Shares, Par Value US$0.000002 Per Share ("American Depositary Shares") |
| Item 2(e). | CUSIP NUMBER |
| 54951L109 |
| CUSIP No. 54951L109 | 13G/A | Page 11 of 13 Pages |
| Item 3. | IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: |
| (a) | ☐ | Broker or dealer registered under Section 15 of the Act; | |
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Act; | |
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Act; | |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
| (j) | ☐ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
| (k) | ☐ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
| If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________ |
| Item 4. | OWNERSHIP |
| A. Lone Pine Capital LLC, David F. Craver, Brian F. Doherty, Mala Gaonkar, Kelly A. Granat, Stephen F. Mandel, Jr. and Kerry A. Tyler (a) Amount beneficially owned: 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares (b) Percent of class: 10.6%. The percentages set forth in this Item 4 and in the rest of this Schedule 13G/A are based upon a total of 775,087,728 Class A ordinary shares issued and outstanding by the Issuer as
of January 10, 2020 in its Form 424B4 filed on January 10, 2020. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 10,345,069 American Depositary Shares, Representing 82,760,552 Class A Ordinary Shares B. Lone Cypress, Ltd. (a) Amount beneficially owned: 5,107,264 American Depositary Shares, Representing 40,858,112 Class A Ordinary Shares (b) Percent of class: 5.2%. The percentages set forth in this Item 4 and in the rest of this Schedule 13G/A are based upon a total of 775,087,728 Class A ordinary shares issued and outstanding by the Issuer as of January 10, 2020 in
its Form 424B4 filed on January 10, 2020. (c)(i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 5,107,264 American Depositary Shares, Representing 40,858,112 Class A Ordinary Shares (iii) Sole power to dispose or direct the disposition: -0- (iv) Shared power to dispose or direct the disposition: 5,107,264 American Depositary Shares, Representing 40,858,112 Class A Ordinary Shares |
| CUSIP No. 54951L109 | 13G/A | Page 12 of 13 Pages |
| Item 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
| Not applicable. |
| Item 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
| Not applicable. | |
| Item 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON |
| Not applicable | |
| Item 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP |
| Not applicable | |
| Item 9. | NOTICE OF DISSOLUTION OF GROUP |
| Not applicable | |
| Item 10. | CERTIFICATION |
| Each of the Reporting Persons hereby makes the following certification: | |
| By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
| CUSIP No. 54951L109 | 13G/A | Page 13 of 13 Pages |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete
and correct.
DATE: January 13, 2020
| | | |
| | | By: /s/ David F. Craver |
| | | David F. Craver, individually and as an |
| | | Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC, which also serves as investment manager to Lone Cypress, Ltd. |
| By: /s/ Brian F. Doherty | ||
| Brian F. Doherty, individually and as an | ||
| Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC, which also serves as investment manager to Lone Cypress, Ltd. | ||
| By: /s/ Mala Gaonkar | ||
| Mala Gaonkar, individually and as an | ||
| Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC, which also serves as investment manager to Lone Cypress, Ltd. | ||
| By: /s/ Kelly A. Granat | ||
| Kelly A. Granat, individually and as an | ||
| Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC, which also serves as investment manager to Lone Cypress, Ltd. | ||
| By: /s/ Stephen F. Mandel, Jr. | ||
| Stephen F. Mandel, Jr., individually and as | ||
| Managing Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC, which also serves as investment manager to Lone Cypress, Ltd. | ||
| By: /s/ Kerry A. Tyler | ||
| Kerry A. Tyler, individually and as an | ||
| Executive Committee Member of Lone Pine Managing Member LLC, as Managing Member of Lone Pine Capital LLC, which also serves as investment manager to Lone Cypress, Ltd. | ||