Joy for JDE Peet’s as stock surges after accelerated IPO

JDE_Peet's_Euronext_press_release_575x375.jpg
By Sam Kerr
29 May 2020

Shares in JDE Peet’s, the coffee company which priced its IPO on Thursday, traded up by over 13% on their first day on the Amsterdam exchange. The rise vindicated the syndicate's decision to accelerate the roadshow on what is predicted will be Europe’s largest listing all year.

Despite only three days of marketing, the IPO had attracted huge demand by the time books were closed on Thursday — over 10 times the size of the deal, according to sources.

At base size, the company sold 71.4m shares at €31.50 each in the deal, raising €2.25bn. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial