Founded in 1992, Dutch Bros operates around 470 stores across the US | Photo credit: Dutch Bros Inc. 

---

Dutch Bros Inc. has confidentially submitted a draft Registration Statement on Form S-1 to the Securities and Exchange Commission (SEC) relating to a proposed IPO. The announcement was made in compliance with SEC regulations, with no further details provided.
 
According to a Bloomberg report in May 2021, sources close to the matter indicated the coffee chain could be valued at up to $3bn.
 
Founded in 1992, Oregan-based Dutch Bros Coffee is fourth largest coffee-focused chain in the US, behind market leaders Starbucks, Dunkin’ and Tim Hortons, operating around 470 stores in 11 states.
 
In 2018, the company sold a minority stake to private equity firm TSG Consumer Partners, which also invested in Stumptown Coffee Roasters in 2011.

World Coffee Portal estimates US branded coffee shop store sales exceeded $36bn in 2020, a 24% contraction on the $47.4bn peak recorded in 2019. Project Café USA 2021 forecasts the US branded coffee shop will recover to 2019 sales levels by 2023, with growth led by the coffee-focused sub-segment. Total sales for the USA coffee shop market are expected to surpass $50.5bn by 2025, at CAGR of 7%.