Autocafe network Dutch Bros, which sells coffee and drinks and has more than 450 points in the main west of the USA, filed an application with the Securities and Exchange Commission to raise up to 100 $ million in initial public offering.
Dutch Bros offers a wide variety of drinks, including hot and cold espresso-based drinks, cool coffee brewing products, Dutch Bros energy drinks. Blue Rebel, tea, lemonade and smoothies. According to the situation on 30 June 2021 year the company had 471 shop in 11 States, 264 of which worked on the basis of a franchise, and 207 operated specifically by the company. Dutch Bros sees the basis for the upcoming expansion, first of all, the shops, which are managed by the company itself.
Company headquartered in Grants Pass, Oregon, was founded in 1992 year, and for 12 Months, ended 30 June 2021 of the year, its sales amounted to 405 million dollars. The company plans to list on the stock exchange NYSE under the ticker BROS. Dutch Bros has filed a secret application 11 June 2021 of the year. BofA Securities became the collective arrangers of the share issue, J.P. Morgan, Jefferies, Barclays, Piper Jaffray, Baird, и William Blair. Terms of the upcoming IPO were not disclosed.
