Coffee Maker JDE Peet's Launches European IPO

Coffee Maker JDE Peet's Launches European IPO

Coffee maker JDE Peet’s launched its European IPO during the coronavirus pandemic.

According to Reuters, interest in investor shares jumped 15 % in their stock market debut.

Shares were priced at 31.50 euros, valuing the firm at 15.6 billion euros, or $17.3 billion.

CEO Casey Keller said: “We are thrilled to price this offer on Euronext Amsterdam during this extraordinary time.” Despite the pandemic, JDE argued in its prospectus that demand for coffee remained strong.