JDE Peet's valued at $17.3 billion in espresso IPO
AMSTERDAM, May 29 (Reuters) - Coffee maker JDE Peet's
said on Friday its shares were priced at 31.50 euros
each in an initial public offering, valuing the firm at 15.6
billion euros ($17.3 billion), as it became one of the few big
companies to go public during the coronavirus crisis.
Shares in the world's No. 2 maker of packaged coffee, whose
brands include Douwe Egberts, Peet's Coffee and Jacobs, were
expected to begin trading on Euronext in Amsterdam.
JDE Peet's is raising 700 million euros in a primary issue,
and existing shareholders JAB Holding and Mondelez are selling
an additional 1.55 billion euros, for a total of 2.25 billion
(Reporting by Toby Sterling; Editing by Clarence Fernandez)