AMSTERDAM - Coffee maker JDE Peet’s JDEP.AS said on Friday its shares were priced at 31.50 euros each in an initial public offering, valuing the firm at 15.6 billion euros , as it became one of the few big companies to go public during the coronavirus crisis.
JDE Peet’s is raising 700 million euros in a primary issue, and existing shareholders JAB Holding and Mondelez are selling an additional 1.55 billion euros, for a total of 2.25 billion euros. That represents a 16.5% stake in the company. “We are thrilled to price this offer on Euronext Amsterdam during this extraordinary time,” said CEO Casey Keller in a statement.
Bwhhhaaa. Short it at anything over$14 bio market cap
Who gives a shit?
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