Peet’s Coffee is the second-largest packaged distributor in the world. JDE Peet’s offering has raised hopes that the European IPO market, expected to be shut for the better part of the year amid the pandemic, could reopen earlier than initially expected. JDE Peet's BV, carved out of JAB Holdings, said Friday it raised $2.5 billion, or 2.3 billion euros, in its initial public offering. It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. JDE Peet's is selling about 22.2 million new shares in the IPO process for about 700 million euros to pay down existing debt, the company said. A JDE Peet’s Coffee IPO is coming to the European market. JDE Peet’s, which plans to use the IPO proceeds to repay debt, will gain a stock to use as currency for further acquisitions to challenge Nestle SA and Starbucks Corp. in the industry. Discover how you could profit from the share price and learn more the listing. Shares in coffee maker JDE Peet's surged 15% in their stock market debut in Amsterdam today as investors jumped on the only big European IPO launched during the coronavirus crisis. Read more: A Wall Street firm studied every crash over the past 100 years - and concluded that the unusual performance of 7 tech stocks is masking the risk of a prolonged meltdown, "We are thrilled to price this offer on Euronext Amsterdam during this extraordinary time," said Casey Keller, CEO of JDE Peet's in a Friday press release. All rights reserved. Casey Keller, the CEO of Peet’s, will become CEO of JDE Peet’s while JDE CEO Frederic Larmusea will remain as an advisor. But is it a good investment? JDE Peet’s is the world's largest pure-play coffee and tea group by revenue, serving approximately 130 billion cups of coffee and tea in the financial year ended 31 December 2019 (“FY”) in more than 100 developed and emerging countries. Commerce Policy | JDE Peet's, owner of a number of coffee brands including Peet's Coffee, plans to raise upward of $2.2 billion in an IPO … At the current market price of EUR 37 per share, the company has a market capitalization of EUR 18.3 billion and an Enterprise Value of about EUR 24.1 billion, valuing the company at an EV/Adj EBITDA multiple of x15. The order book for the IPO was covered within hours of the market opening on 26 May, filling orders of around €2.25bn. The shares of JDE Peet's will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an … JDE Peet's BV, carved out of JAB Holdings, said Friday it raised $2.5 billion, or 2.3 billion euros, in its initial public offering. JDE Peet's free float post IPO will therefore be 14.4% percent only. JDE Peet's, the owner of Bay Area-based Peet's Coffee, is pressing ahead with plans to raise as much as $2.2 billion in what could be Europe's biggest IPO this year. Initial Public offering Company profile. JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic. The IPO has defied the coronavirus pandemic and is the largest of the year so far in Europe and the second-largest globally, behind Beijing-Shanghai High-Speed Railway Corp.'s $4.4 billion IPO in early January. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). If you're looking to buy shares in JDE Peet's, the newest coffee company to go public, you might find it to be a difficult task. The stock will be offered at around €30-30.25 per share and there will be 82.1m of new and existing shares on offer. JDE Peet’s raised 700 million euros through the sale of new shares in the IPO, which it plans to use to pay down debt. The company is selling about 71.4 million shares, or 14% of the business, at 31.50 euros per share. Peet’s Coffee is the second-largest packaged distributor in the world. The JDE Peet's portfolio includes. “We congratulate JDE Peet’s leadership team on the successful offering,” said Mondelēz International Chairman and Chief Executive Officer Dirk Van de Put. Its brands include Peet's Coffee, Jacobs Coffee, Douwe Egberts, Tassimo, and Senseo. JDE Peet's will bring its initial public offering forward to Friday in response to strong investor interest, the world's No. Read more: An elite 'ultra growth' investor explains how he's beating the market in 2020 - and analyzes 4 stocks he thinks will help him stay on top for the next 5 years, NOW WATCH: We tested a machine that brews beer at the push of a button, Registration on or use of this site constitutes acceptance of our, A Wall Street firm studied every crash over the past 100 years - and concluded that the unusual performance of 7 tech stocks is masking the risk of a prolonged meltdown, An elite 'ultra growth' investor explains how he's beating the market in 2020 - and analyzes 4 stocks he thinks will help him stay on top for the next 5 years, We tested a machine that brews beer at the push of a button, Salesforce falls 11% after confirming $27.7 billion Slack acquisition and forecasting slower growth », Countries worldwide are passing laws to kill the gas-powered car — here's who's going all-electric, and when ». Disclaimer | The Netherlands-based company sells coffee in both cafes and grocery stores across the US, Europe, and parts of Asia. JDE Peet's announces full exercise of over-allotment option and end of stabilisation period. A merger between coffee giants Jacobs Douwe Egberts and Peet’s Coffee led to a €15.6 billion IPO for a newly-formed company – JDE Peet’s – in May 2020. EURONEXT PRESS RELEASE JDE PEET'S LISTING | 29 May 2020 Euronext today congratulated JDE Peet’s (ticker symbol JDEP), the world's largest pure-play coffee and tea group, on its listing on Euronext Amsterdam. JDE Peet's raised 700 million euros through the sale of new shares in the IPO, which it plans to use to pay down debt. JDE Peet’s is the world's largest pure-play coffee and tea group by revenue, serving approximately 130 billion cups of coffee and tea in the financial year ended 31 December 2019 (“FY”) in more than 100 developed and emerging countries. It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. Here’s what we know… News of the offering brought high investor demand. JDE Peet's N.V. is the world's largest pure-play coffee … With a portfolio of more than 50 leading global, regional and local coffee and tea brands, JDE Peet’s offers an extensive range of high-quality and innovative coffee and tea products and solutions to serve consumer needs across markets, consumer preferences and price levels. Alex Tai/SOPA Images/LightRocket via Getty Images. A bet that coffee could withstand a pandemic and ensuing economic downturn has paid off for the European investment firm responsible for Peet's Coffee, Krispy Kreme, and Keurig. Stock quotes by finanzen.net. Made In NYC | Peet’s Coffee is moving figuratively even further from Alfred Peet’s single storefront in Berkeley, California, with plans to join Dutch coffee giant Jacobs Douwe Egberts (JDE) in a merger prior to a potential IPO in 2020.. JDE announced the companies’ intentions to merge today under the name JDE Peet’s. Read More. Options on JDE Peet’s ordinary shares began trading on the European Option Exchange in Amsterdam (Euronext.Liffe) on 14 August 2020. The IPO, which took only 10 days, is priced at the high end of JDE Peet's BV's target range and values the company at $17.3 billion, or 15.6 billion euros. JDE Peet’s IPO. As part of preparing for the IPO, Peet’s Coffee Chief Executive Officer Casey Keller will become CEO of JDE Peet’s, effective January 2020. A JDE Peet’s Coffee IPO is coming to the European market. In FY 2019, JDE Peet’s generated total revenue of €6.9 billion and had on average 21,255 employees worldwide. But is … "Seeing the investor interest in JDE Peet's reinforces the belief in our strategy and solidifies our role as a global leader in coffee and tea.". In its first day of trading in Amsterdam, JDE Peet's BV shares surged as much as 17%. News of the offering brought high investor demand. The exploration of an IPO is a key milestone in the partnership between Acorn Holdings B.V. (which includes controlling shareholder JAB and BDT Capital) and Mondelez International. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. The rest of the money will go to existing shareholders such as Oreo cookies maker Mondelez International, which has sold down its position. Mondelēz International will retain two seats on the board of JDE Peet’s, which has a portfolio of more than 50 brands, including Peet's, Jacobs, L’Or, Senseo, Tassimo and Ti Ora. JDE Peet’s €2.25bn IPO makes waves across global market. 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