Operations

Dutch Bros Coffee files IPO

Photo: iStock

August 23, 2021

Dutch Bros Inc., which has nearly 500 locations in 11 states, is going public, according to a company press release. Although the number of shares and their price range are yet to be determined, Dutch Bros intends to list its Class A common stock on The New York Stock Exchange under the symbol BROS.

BofA Securities, J.P. Morgan Securities LLC, Jefferies LLC, Barclays Capital Inc. and Piper Sandler & Co. are acting as lead book-running managers for the proposed offering. Robert W. Baird & Co. and William Blair & Company LLC are acting as book-running managers, while Cowen, Stifel, Nicolaus & Company, Incorporated, AmeriVet Securities Inc., Penserra Securities LLC, R. Seelaus & Co., LLC and Tribal Capital Markets LLC are acting as co-managers.

Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon.

Anne Schultheis, director of Loyalty of Dutch Bros, is joining the Fast Casual Executive Summit, Oct. 3-5, as a speaker where she'll discuss the chain's digital loyalty strategy. Register here.