It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. 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 … 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, 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. The company is selling about 71.4 million shares, or 14% of the business, at 31.50 euros per share. 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. 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 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. 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 N.V. is the world's largest pure-play coffee … 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. Alex Tai/SOPA Images/LightRocket via Getty Images. The rest of the money will go to existing shareholders such as Oreo cookies maker Mondelez International, which has sold down its position. In FY 2019, JDE Peet’s generated total revenue of €6.9 billion and had on average 21,255 employees worldwide. 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. Made In NYC | Commerce Policy | Initial Public offering Company profile. 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. Read More. 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. It’s possible the offering of Peet’s stock could be the biggest of the year, looking to raise $2.5 billion. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). But is it a good investment? Stock quotes by finanzen.net. 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 IPO. All rights reserved. Peet’s Coffee is the second-largest packaged distributor in the world. "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.". 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. Disclaimer | Casey Keller, the CEO of Peet’s, will become CEO of JDE Peet’s while JDE CEO Frederic Larmusea will remain as an advisor. 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. Peet’s Coffee is the second-largest packaged distributor in the world. News of the offering brought high investor demand. 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. A JDE Peet’s Coffee IPO is coming to the European market. JDE Peet’s €2.25bn IPO makes waves across global market. 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