Close

Dutch Bros (BROS) IPO Opens 41% Higher

September 15, 2021 12:44 PM EDT

Today's IPO for Dutch Bros Inc. (NYSE: BROS) opened for trading earlier at $32.50 after pricing 21,052,632 shares of its Class A common stock at a price to the public of $23.00 per share.

BofA Securities, J.P. Morgan Securities and Jefferies LLC are acting as lead book-running managers and representatives of the underwriters for the offering. Barclays Capital Inc. and Piper Sandler & Co. are also acting as lead book-running managers for the offering. Robert W. Baird & Co. Incorporated and William Blair are acting as book-running managers for the offering. Cowen, Stifel, Nicolaus & Company, Incorporated, AmeriVet Securities, Inc., Penserra Securities LLC, R. Seelaus & Co., LLC and Tribal Capital Markets, LLC are acting as co-managers for the offering.

Dutch Bros is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what we do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. We believe Dutch Bros is more than just the products we serve—we are dedicated to making a massive difference in the lives of our employees, customers and communities. This combination of hand-crafted and high-quality beverages, our unique drive-thru experience and our community-driven, people-first culture has allowed us to successfully open new shops and continue to share the “Dutch Luv” at 471 locations in 11 states as of June 30, 2021.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot IPOs, IPOs

Related Entities

Stifel, William Blair, JPMorgan, Jefferies & Co, Robert W Baird, Barclays, Cowen & Co, IPO