Peet’s Coffee's IPO values the company at $17.3 billion, in one of this year's biggest offerings
The European investment firm behind Peet’s Coffee, Krispy Kreme and Keurig Dr Pepper said it priced the initial public offering of its coffee business at the upper part of its targeted price range, valuing it at €15.6 billion in one of the world’s biggest IPOs so far this year.
Backed by JAB Holding, JDE Peet’s B.V. bet that the resilience of coffee demand during economic downturns would attract investors despite slumping IPO markets in Europe and the U.S. amid the coronavirus pandemic.
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