JDE Peet's Coffee, the second-largest coffee roaster by volume in the world, is set to return to the public markets this week. The company aims to raise $2.5 billion at a $16.8 billion market cap on the Euronext Amsterdam, making it the largest European IPO of 2020, and the year's second-largest offering globally. JDE Peet's launched its IPO at a range of €30.00 to €32.25, but in a sign of healthy demand, the company reportedly plans to price above the midpoint and begin trading three days ahead of schedule on Friday, May 29.
The forebearer of America's specialty coffee revolution, Berkeley, CA-based Peet's Coffee was founded in 1966 by Dutch-American Alfred Peet, who later taught Starbucks' founders about coffee. Peet's went public on the Nasdaq in January 2001, raising $26 million at a $71 million market cap, and was subsequently taken private in 2012 by...
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