Coffee Company JDE Peet’s To Launch Up Top 2 Bln Euro IPO This Week -Sources

From: nasdaq.com

Coffee company JDE Peet’s will announce as early as Tuesday its intention to float on the Euronext stock exchange in Amsterdam in a deal that could raise up to 2 billion euros ($2.2 billion), two sources close to the matter said.

In what would be a significant boost for the European market for initial public offerings (IPOs), owner JAB Holdings plans to announce the planned listing this week and look to complete the deal by late June.

The news was first reported in the Financial Times earlier on Monday.

Luxembourg-based JAB, controlled by Germany’s wealthy Reimann family, merged Jacobs Douwe Egberts Coffee with Peet’s – a well-known U.S. coffee brand – in December and said it was considering an IPO in 2020.

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