JDE Peet's will bring its initial public offering forward to Friday in response to strong investor interest, the world's No. 2 maker of packaged coffee said, of one the few large listings to proceed during the coronavirus crisis.
FILE PHOTO: A Peet's coffee shop is shown in Encinitas, California, U.S., May 19, 2020. REUTERS/Mike Blake
The owner of brands such as Peet’s Coffee, Douwe Egberts, and Jacobs has attracted investors including George Soros’ Quantum Partners and is set to sell 2.6 billion euros worth of new and existing shares in the IPO. Banks running the IPO gave an indicative price range of 30 euros to 32.25 euros per share on Tuesday, valuing the company at up to 16 billion euros ..
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