JDE Peet’s €2.3 billion IPO helps global stocks

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JDE Peet’s €2.3 billion IPO helps global stocks
 © CyprusMail 2020
The first major IPO in some months, that of coffee brand JDE Peet’s on the Amsterdam Stock Exchange on Friday, raised $2.5 billion and gave investors around the globe the first twinge of that recovery feeling.

That IPO took only 10 days to raise the large sum and was heavily oversubscribed. Shares in JDE Peet’s jumped by 17 per cent early in its first trading day, and kept rising to close at €36.08. It continued moving higher on Monday. The current market cap is at €18.225 billion.

JDE Peet’s is part of the Reimann family’s JAB Holding Co, which...


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JDE Peet’s €2.3 billion IPO helps global stocks


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