Dutch Bros IPO Review, Going Public, Initial Public Offering BROS Stock
IPO MARKET WATCH
2021-08-22
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Dutch Bros seeks to raise $100 million in IPO, hopes to have 4,000 coffee stands someday
Dutch Bros formally filed for its initial public offering Friday afternoon, with the southern Oregon coffee chain reporting that it hopes to raise $100 million by selling stock on Wall Street. The company said it will use the proceeds to pay down $192 million in long-term debt.
Dutch Bros did report that its sales totaled $327.4 million last year — up 27% from the year behind. The business booked $5.7 million in profits last year amid rapid growth. Prior reports had indicated that investment banks hoped Dutch Bros would be worth $3 billion on the public markets.
The company said it intends to trade on the New York Stock Exchange under the ticker symbol “BROS.”
Dutch Bros, which had grown rapidly by franchising its drive-thru coffee stands in prior years, has moved over the past four years to expand through company-owned outlets.
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Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
I am not a financial advisor or professional stock analyst. Trade at your own risk. There are risks associated with investing in a public offering, including unproven management, and established companies that may have substantial debt. As such, they may not be appropriate for every investor. You should read the offering prospectus carefully, and make your own determination of whether an investment in the offering is consistent with their investment objectives, financial situation, and risk tolerance.
Dutch Bros formally filed for its initial public offering Friday afternoon, with the southern Oregon coffee chain reporting that it hopes to raise $100 million by selling stock on Wall Street. The company said it will use the proceeds to pay down $192 million in long-term debt.
Dutch Bros did report that its sales totaled $327.4 million last year — up 27% from the year behind. The business booked $5.7 million in profits last year amid rapid growth. Prior reports had indicated that investment banks hoped Dutch Bros would be worth $3 billion on the public markets.
The company said it intends to trade on the New York Stock Exchange under the ticker symbol “BROS.”
Dutch Bros, which had grown rapidly by franchising its drive-thru coffee stands in prior years, has moved over the past four years to expand through company-owned outlets.
Join WeBull with my link and receive UP TO 4 FREE STOCKS https://act.webull.com/k/hMN1TBS6nyB8/main
SOCIAL MEDIA
⚫PATREON
Join Our Patreon Community and help support this channel...If you want to , or you can just hit the LIKE button which really helps me. Thank you!
https://www.patreon.com/bullmarketwatch
https://facebook.com/groups/659635791621800/
https://twitter.com/watch_ipo
#investing #stocks #stockmarket #ipo #spac #spacnews
Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
I am not a financial advisor or professional stock analyst. Trade at your own risk. There are risks associated with investing in a public offering, including unproven management, and established companies that may have substantial debt. As such, they may not be appropriate for every investor. You should read the offering prospectus carefully, and make your own determination of whether an investment in the offering is consistent with their investment objectives, financial situation, and risk tolerance.
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