Dutch Bros Coffee IPO, now planned for Sept. 15. could be largest in Oregon History
Grants Pass, Oregon-based coffee chain Dutch Bros Coffee has set Sept. 15 as its initial public offering date, looking to raise more than $400 million. Shares will be priced Sept. 14, according to the NYSE’s calendar, with the expected price between $18 and $20.
Dutch Bros Coffee, a regional coffee chain with 470 locations throughout 11 Western and Southwestern United States, is expected to conduct an initial public offering Sept. 15.
Dutch Bros is reportedly seeking a greater than $3 billion valuation.
According to the Sept. 7 SEC filing:
Dutch Bros reported net income of $5.8 million on revenue of $228 million for the first six months of 2021. This compares to $5.3 million of net income on revenue of $151 million for the same period in 2020.
The planned IPO will give executive chairman and co-founder Travis Boersma 43% of company stock and 74% of voting power.
They plan to use the ticker symbol, “BROS”