The coffee chain founded by brothers Travis and Dane Boersma in 1992 went public on Wednesday in what is Oregon’s largest IPO to date, making cofounder and executive chairman Travis Boersma a billionaire.
in $23.5 billion in sales from more than 32,000 stores in its 2020 fiscal year running through September, and its shares are up by 15% since the beginning of 2021.
Travis and Dane Boersma started Dutch Bros with a pushcart by the railroad tracks in Grants Pass, Oregon in 1992, after leaving the dairy industry, which had employed two generations of their Dutch-origin family before them."Changes to the [dairy] industry were making our prospects pretty grim. So we used that reality as motivation to branch out and try something new," Boersma said in ain the firm's offering prospectus.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | SmartNews App Raises $230 Million, Considers Possible IPOSmartNews’s latest funding round values the news-discovery app at $2 billion and sets the stage for a potential listing of its shares
Read more »
Indian law firms reluctant to advise on IPO of insurance giant LIC -sourcesIndia's plans to list state-run Life Insurance Corporation (LIC) face an unusual problem: domestic law firms are shying away from advising the government, deterred by the low fees on offer at the time of a lucrative boom in corporate stock listings.
Read more »
Buffett-Backed Indian Fintech Giant Faces Challenges as IPO NearsPaytm, a pioneer in mobile payments in India and one of the country’s best-known startups, blazed a trail for India's fintech. With an IPO nearing, it's fallen short of its goal to dominate the country's payments market.
Read more »
Sportradar CEO Carsten Koerl Officially Becomes A Billionaire Even As Shares Falter On IPO DaySwitzerland-based Sportradar, which funnels stats from sports leagues to media companies and sports bettors, debuted on the Nasdaq on Tuesday.
Read more »
Paytm Blazed a Trail in Indian Fintech but Faces Crowded Market as IPO NearsThe $2.2 billion listing will see the company beat China’s Ant to the public markets, but it isn’t the dominant player in payments that it wanted to become.
Read more »
Busy IPO market this week poised to make 2021 the biggest year ever by proceedsThe biggest deal of the week is expected to come from Thoughtworks, a Chicago-based technology consulting firm company that will go public at a valuation of up to $6.1 billion.
Read more »