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. All rights reserved. It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. But is … Stock quotes by finanzen.net. A JDE Peet’s Coffee IPO is coming to the European market. 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 … Here’s what we know… JDE Peet's benefits from having the right timing and business mix to ride out the coronavirus pandemic. Casey Keller, the CEO of Peet’s, will become CEO of JDE Peet’s while JDE CEO Frederic Larmusea will remain as an advisor. 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. 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. Alex Tai/SOPA Images/LightRocket via Getty Images. 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. 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. Peet’s Coffee is the second-largest packaged distributor in the world. JDE Peet's will bring its initial public offering forward to Friday in response to strong investor interest, the world's No. But is it a good investment? The company is selling about 71.4 million shares, or 14% of the business, at 31.50 euros per share. In its first day of trading in Amsterdam, JDE Peet's BV shares surged as much as 17%. 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. The Netherlands-based company sells coffee in both cafes and grocery stores across the US, Europe, and parts of Asia. Made In NYC | A JDE Peet’s Coffee IPO is coming to the European market. 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. Read More. 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. 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. Options on JDE Peet’s ordinary shares began trading on the European Option Exchange in Amsterdam (Euronext.Liffe) on 14 August 2020. Peet’s Coffee is the second-largest packaged distributor in the world. 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. 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. 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. News of the offering brought high investor demand. The order book for the IPO was covered within hours of the market opening on 26 May, filling orders of around €2.25bn. 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. 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. Disclaimer | 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. 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 … Commerce Policy | JDE Peet’s €2.25bn IPO makes waves across global market. 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. JDE Peet's free float post IPO will therefore be 14.4% percent only. In FY 2019, JDE Peet’s generated total revenue of €6.9 billion and had on average 21,255 employees worldwide. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 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. 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. News of the offering brought high investor demand. 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. 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 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. Discover how you could profit from the share price and learn more the listing. 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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. The rest of the money will go to existing shareholders such as Oreo cookies maker Mondelez International, which has sold down its position. JDE Peet's N.V. is the world's largest pure-play coffee … 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. JDE Peet's announces full exercise of over-allotment option and end of stabilisation period. The One Nine Three Group for JDE Peet’s Zach Siegel: zach@the193.com ### About JDE Peet’s JDE Peet’s is the world's largest pure-play coffee and tea group, serving approximately 130 billion cups of coffee and tea in 2019 in more than 100 countries in both developed and emerging markets. 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. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). JDE Peet’s IPO. The JDE Peet's portfolio includes. It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. "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.". Initial Public offering Company profile. “We congratulate JDE Peet’s leadership team on the successful offering,” said Mondelēz International Chairman and Chief Executive Officer Dirk Van de Put. 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. Its brands include Peet's Coffee, Jacobs Coffee, Douwe Egberts, Tassimo, and Senseo.
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