JDE Peet’s Raises €2.25 Billion in IPO

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JDE Peet’s Raises €2.25 Billion in IPO

JDE Peet’s Raises €2.25 Billion in IPO
June 02
09:58 2020
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JDE Peet’s, the world’s largest pure-play coffee and tea group, has raised €2.25 billion from its listing on Euronext Amsterdam, making it Europe’s largest IPO since 2018. JDE Peet’s was created following the merger ofJacobs Douwe Egberts (JDE) with US-based Peet’s Coffee.

Through its global, regional and local coffee and tea brands, JDE Peet’s offers coffee and tea products to serve consumer needs across markets, consumer preferences and price points. JDE Peet’s has a portfolio of more than 50 brands, including Jacobs, Douwe Egberts and Peet’s Coffee, but also L’Or, Senseo, Tassimo and Ti Ora. JDE Peet’s served approximately 130 billion cups of coffee of tea in the financial year ended 31 December 2019 in more than 100 developed and emerging countries.

Casey Keller, chief executive of JDE Peet’s, comments: “JDE Peet’s brings a world-class portfolio of coffee and tea products and innovation which we believe positions us for further growth. Given our deep Dutch legacy, we are particularly thrilled to launch the IPO for JDE Peet’s on Euronext here in Amsterdam, allowing us to welcome local investors the opportunity to become shareholders of this incredible business.”

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