Summary
- Dutch Bros Coffee has submitted its documents with the US Securities and Exchange Commission (SEC) for a confidential initial public offering (IPO).
- Dutch Bros Coffee is yet to reveal how many shares it will be offering at the IPO and at what price.
- However, there are speculations that the coffee chain expects to raise US$ 3 billion in gross proceeds
Oregon-based Dutch Bros Coffee has submitted its documents with the US Securities and Exchange Commission (SEC) for a confidential initial public offering (IPO), the firm said on Tuesday, June 15.
Dutch Bros Coffee is yet to reveal how many shares it will be offering at the IPO and at what price. However, there are speculations that the coffee chain expects to raise US$ 3 billion in gross proceeds.
Going by this figure, it could be the biggest IPO in the history of Oregon.
Dutch Bros was founded in 1992 and has since expanded to 420 different locations across 11 states in the US. Reports suggest that the coffee chain might add up to 400 new outlets in the next three to five years.
This filing comes amid increasing number of initial public offerings this year. While donut chain Krispy Kreme recently filed for an IPO, Torchy’s Tacos and Sweetgreen are also said to be eyeing a public debut later this year.
Read More: https://kalkinemedia.com/ca/news/ipo/dutch-bros-coffee-ipo-how-to-invest-in-this-stock
