Coffee Service

JDE Peet's Coffee to seek IPO to raise $764 M

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May 19, 2020

JDE Peet's Coffee, which is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands, said on Tuesday it will try to to raise 700 million euros ($764 million) in an initial public offering of shares on the Euronext Amsterdam exchange, according to a Reuters report.

The company's decision to move forward with the listing is due to a recent stock market rally and the resilience of its core business, according to the report.