Deals
Peet’s Coffee IPO Raises $2.5 Billion
- JDE Peet’s $2.5 billion IPO is the largest in Europe this year
- Deal wrapped up in only 10 days amid ‘strong’ investor demand
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JDE Peet’s BV shares surged after holding Europe’s biggest initial public offering this year, drawing investors counting on the Peet’s Coffee owner to weather the pandemic lockdowns and take on giants like Starbucks Corp.
The coffee giant, carved out of the Reimann family’s investment firm JAB Holding Co., raised 2.3 billion euros ($2.5 billion) in an IPO that took just 10 days, condensing what’s usually a four-week process and attracting investor orders that exceeded the number of shares offered by multiple times.