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.
The company is majority owned by the German family-owned investment group JAB, which also has majority stakes in fast-casual restaurant chain Pret A Manger, donut house Krispy Kreme and soft drink giant Keurig Dr Pepper.
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.
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.
The Plano, TX-based company plans to raise $5 million by offering 555,555 shares at a price of $9, the last close of its shares listed on the OTCQB (NUZE). At the assumed offer price, NuZee would command a fully diluted market value of $133 million.
JAB’s holdings include a controlling stake in shoemaker Bally, quick food chains Pret A Manger and Panera Bread as well as Krispy Kreme Doughnuts. JAB is also the largest shareholder of beauty company Coty.
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