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Dutch Bros. Coffee becomes latest US coffee chain to launch IPO

US coffee chain has publicly registered for a proposed IPO with the Securities and Exchange Commission (SEC) 

Dutch Bros Coffee is the fourth largest coffee-focused chain in the US | Photo credit: Dutch Bros Coffee

Dutch Bros Coffee has publicly filed for a proposed IPO with the US Securities and Exchange Commission (SEC), paving the way for a New York Stock Exchange (NYSE) listing. In a press release, the US coffee chain said the number of shares and price range had yet to be determined.  

According to a Bloomberg report in May 2021, Dutch Bros Coffee could reportedly be worth up to $3bn. 

Founded in 1992, Oregan-based Dutch Bros Coffee is the fourth largest coffee-focused chain in the US, behind Starbucks, Dunkin’ and Tim Hortons, operating around 470 stores in 11 states. 

The announcement is the latest in a series of IPOs for major coffee chains over the last 18 months.

Luxembourg-based conglomerate JAB Holdings has launched or is thought to be planning several lucrative IPOs for US coffee and food-to-go brands. In June 2020 JDE Peet’s, the parent of US coffee chain, Peet’s Coffee, raised $2.5bn with an IPO that valued the company at $17.3bn. 

In July 2021, US donut and coffee chain Krispy Kreme raised $500m in an IPO valuing the company at $2.7bn. The following month JAB Holdings created a new business group comprising Panera Bread, Caribou Coffee and Einstein Bros. Bagels businesses, a move that could pave the way for its latest IPO. 

World Coffee Portal data estimates the value of the US branded coffee shop market declined 24% to $36bn in 2020. However, the recent IPOs indicate investor confidence in the US branded coffee chain market as it continues to recover from the pandemic.

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