The European investment firm behind Peet’s Coffee, Krispy Kreme and Keurig Dr Pepper said it priced the initial public offering of its coffee business at the upper part of its targeted price range, valuing it at €15.6 billion ($17.3 billion) in one of the world’s biggest IPOs so far this year. Backed by JAB Holding, JDE Peet’s B.V. bet that the resilience of coffee demand during economic downturns would attract investors despite slumping IPO markets in Europe and the U.S. amid the coronavirus pandemic.

Source: Wall Street Journal May 29, 2020 07:15 UTC