Deals
JDE Peet’s Will Accelerate $2.6 Billion Amsterdam IPO
- Firm tells investors orders below 31.50 euros risk missing out
- Coffee seller’s IPO to be Europe’s biggest this year
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Coffee giant JDE Peet’s BV is wrapping up its initial public offering in 10 days flat, as opposed to the customary four weeks, capturing investor appetite quickly to shield itself from market volatility amid the coronavirus pandemic.
The company, which is being listed in Amsterdam by JAB Holdings NV, will stop taking investor orders for shares by 4 p.m. Amsterdam time Thursday, it said in a statement, confirming an earlier Bloomberg News report. JDE Peet’s will price the 2.4 billion-euro ($2.6 billion) sale on Friday with trading set to begin on the same day. The company announced its intention to float on May 19 and started the offering on Tuesday, with an initial plan for trading to begin a week later, on Wednesday, June 3.