Coffee Maker JDE Peet's Launches European IPO
By : Wochit Business
Published On: 2020-05-31
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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.
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