Coffee maker JDE Peet’s shares pop after $17 billion IPO

Coffee maker JDE Peet’s shares pop after $17 billion IPO

Shares in coffee maker JDE Peet’s surged 15% Friday as the stock debuted following an IPO. This has been the only big European IPO launched during the coronavirus crisis. JDE Peet is the world’s No. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet’s Coffee and Jacobs. The company is currently valued at an estimated $17.3 billion.

Chris
Chris
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