Coffee Maker JDE Peet's Launches European IPO

Coffee maker JDE Peet’s launched its European IPO during the coronavirus pandemic.

According to Reuters, interest in investor shares jumped 15 % in their stock market debut.

Shares were priced at 31.50 euros, valuing the firm at 15.6 billion euros, or $17.3 billion.

CEO Casey Keller said: “We are thrilled to price this offer on Euronext Amsterdam during this extraordinary time.” Despite the pandemic, JDE argued in its prospectus that demand for coffee remained strong.