The Peet’s Coffee IPO Shows That Coffee Is Still Hot

From: investorplace.com

If you’re looking to buy shares in JDE Peet’s, the newest coffee company to go public, you might find it to be a difficult task. That’s because, despite the Peet’s Coffee IPO raising $2.5 billion, it trades on Euronext Amsterdam, and doesn’t appear to be available over the counter in the U.S.

No matter. It’s still an IPO worth covering. There are several reasons why, including that the Peet’s Coffee IPO raised a ton of money.

Despite the difficulties buying its stock, the IPO is the second-largest in 2020, behind only the Beijing-Shanghai High-Speed Railway, which raised $4.4 billion in January and trades on the Shanghai Stock Exchange.

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