Even amid a global pandemic, the people behind JDE Peet’s, managed to raise $2.5 billion and take the company public on the Euronext Amsterdam—all in just 10 days. It was Europe’s largest IPO since 2018.
Shares of JDE Peet’s surged 14% in their debut on Friday in Europe. The company, resulting from the merger of Jacobs Douwe Egberts and Peet’s last December, is the world’s No. 2 coffee player, with a portfolio that includes Jacobs Coffee, Douwe Egberts, Peet’s, L’OR, Senseo, Tassimo, Pickwick and more.