Coffee Service

Peet’s Coffee parent raises $2.5 B in IPO

May 29, 2020

JDE Peet's BV shares surged 13% to 35.50 euros today after holding Europe's biggest initial public offering this year, drawing investors counting on the Peet's Coffee owner to weather the pandemic lockdowns, according to Bloomberg. 

The coffee giant 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.

JDE Peet's Coffee is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands.