Dutch Bros to begin trading stock Wednesday – Portland, Oregon

Portland, Oregon 2021-09-14 20:24:51 –

Initial public offering price will be $ 23 per share

Portland, Oregon (KOIN) — Grants Pass-based coffee company Dutch Brothers There are some exciting news brews: it will be published.

Dutch Brothers, which is steadily increasing the number of coffee stands throughout Oregon and around the western United States, will begin its initial public offering on Wednesday with more than 21 million shares.

This means that anyone can buy shares in the company.

Dutch Bros announced Tuesday afternoon that the initial price will be $ 23 per share. This is higher than the initial estimated price per share of $ 18 to $ 20.

The shares of the publicly traded company will be listed on the New York Stock Exchange on Wednesday under the “BROS” symbol and will be closed on Friday.

Daniel Rogers, associate professor at Portland State University, said:

Rogers states that anyone should be able to buy shares through any type of brokerage firm through companies such as Robin Hood, Fidelity and Charles Schwab.

He says buying stock at 6:30 am PST, when the stock market opens, may have some advantages. He said stock prices could rise all day long if there was a lot of excitement around the company.

“The first day of trading can be very unusually active, and the price can be” pop “on the first day. So it would be really interesting to see, “Rogers said.

According to Rogers, prices after the first day will depend on the overall stock market situation. He now says the stock market is close to record highs. He says there is always the risk that the price of Dutch Brothers shares could fall if the stock market weakens.

When it comes to investing in business, Rogers encourages people to consider its growth potential.Dutch Brothers need to submit quarterly S-1 reports, he says Securities and Exchange Commission, and investors can use those reports To monitor the company.

Dutch Bros to begin trading stock Wednesday Source link Dutch Bros to begin trading stock Wednesday

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