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Dutch Bros Goes Public, Aims For Oregon’s Biggest Stock Launch – New Orleans, Louisiana

New Orleans, Louisiana 2021-09-17 05:38:08 –

The New York Stock Exchange is listed on Dutch Brothers on September 14th to price its shares and will be traded on the ticker symbol BROS.

Dutch Brothers representatives say interviews are not possible during the quiet period mandated by the federal government. According to public documents, the company will set a share price of $ 18 to $ 20 and will raise up to $ 484 million.

NS Oregonian / Oregon Live Report This is the largest share issue in state history, with co-founder Travis Boasma holding $ 1.43 billion in shares.

The company’s public documents outline a rare equity structure that gives Travis Boasma more than 74% of the voting rights. Basically, to prevent another entity from acquiring Dutch Brothers through a “hostile takeover.” Such arrangements could give shareholders a suspension and reduce the performance of their shares.

Dutch Bros has expanded aggressively in recent years to establish more than 470 drive-through coffee stands in 11 western states. We have established an enthusiastic fan base of customers returning in search of unique and sweet drinks, such as “Hot Annihilator” and “Tiger’s Blood Lemonade” from the hilarious “Broista”.

Brothers Travis and Dane Boasma founded the company in Grants Pass in 1992 with a coffee wheelbarrow. Dane Boasma died of Lugeric’s disease in 2009.



Dutch Bros Goes Public, Aims For Oregon’s Biggest Stock Launch Source link Dutch Bros Goes Public, Aims For Oregon’s Biggest Stock Launch

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