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JAB's $3.3 Billion Coffee IPO Moves Closer With Banks Selected

  • Unit to list in Amsterdam as soon as first half of this year
  • Planned IPO would be biggest on Europe exchange since 2018
A Capital One Financial Corp. Cafe Ahead Of Earnings Figures
Photographer: Christopher Dilts/Bloomberg
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The billionaire Reimann family’s JAB Holding Co. is moving ahead with preparations for an initial public offering of its sprawling coffee empire, which owns brands from Caribou to Peet’s, people with knowledge of the matter said.

The investment firm has picked BNP Paribas SA and JPMorgan Chase & Co. to advise on the planned listing, according to the people, who asked not to be identified because the information is private. JAB is considering raising about 3 billion euros ($3.3 billion) in an Amsterdam IPO of the business, which could take place as soon as the first half of the year, the people said.