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Jab’s CEO Olivier Goudet: «We look forward to the next phase of Jde Peet’s growth»

JDE Peet's
Fabien Simon, Director, JDE Peet’s and partner, JAB, opened trading in shares of JDE Peet’s, accompanied on screen by Scott Gray, CFO of JDE Peet’s (left) and Casey Keller, CEO of JDE Peet’s (right) and by Simone Huis in ’t Veld, CEO of Euronext Amsterdam and René van Vlerken, Head of Listing of Euronext Amsterdam

AMSTERDAM, The Netherlands – Euronext today congratulated JDE Peet’s (ticker symbol JDEP), the world’s largest pure-play coffee and tea group, on its listing on Euronext Amsterdam. JDE Peet’s was listed through the admission to trading of the 495,386,168 shares of which 22,222,222 new shares were issued before potential exercise of the over-allotment option.

The admission and issue price was set at € 31.50 per share. Market capitalisation was € 15.6 billion on the day of listing. The offering raised a total of € 2.25 billion.

Through its global, regional and local coffee and tea brands, JDE Peet’s offers coffee and tea products to serve consumer needs across markets, consumer preferences and price points. The new company has a portfolio of more than 50 brands, including Jacobs, Douwe Egberts and Peet’s Coffee, but also L’Or, Senseo, Tassimo and Ti Ora. It served approximately 130 billion cups of coffee of tea in the financial year ended 31 December 2019 in more than 100 developed and emerging countries.

Casey Keller, Chief Executive Officer of JDE Peet’s, said, “JDE Peet’s brings a world-class portfolio of coffee and tea products and innovation which we believe positions us for further growth. Given our deep Dutch legacy, we are particularly thrilled to launch the IPO for JDE Peet’s on Euronext here in Amsterdam, allowing us to welcome local investors the opportunity to become shareholders of this incredible business.”

Olivier Goudet, Chief Executive Officer and Managing Partner of JAB, and Chair-designate of the board of directors, added, “We selected Euronext Amsterdam for this listing due to the combination of its global reach, the business-friendly environment in the Netherlands, and the rich local heritage of our brands and our business. We are proud to lead the reopening of the IPO market, and we look forward to the next phase of JDE Peet’s growth as a global coffee and tea powerhouse.”

“We congratulate the JDE Peet’s team on the strong investor response to the initial public offering on Euronext Amsterdam. We’re excited about the company’s great growth prospects and welcome the IPO as it brings flexibility and optionality, as well as establishes a public mark for the value of our stake,” added Dirk Van de Put, Chairman and Chief Executive Officer of Mondelēz International.