Dutch Bros stock jumps 70% after IPO as Wall Street clamors for a piece of the southern Oregon drive-thru cof

Dutch Bros stock jumps 70% after IPO as Wall Street clamors for a piece of the southern Oregon drive-thru cof

Dutch Bros Chairman Travis Boersma showed up at his company’s Wall Street debut Wednesday wearing flip-flops, a backwards ballcap and a Rage Against the Machine T-shirt. His company’s initial public offering instantly made him one of Oregon’s wealthiest men, with a fortune valued on paper at $2.7 billion. But Boersma didn’t care about looking the part Wednesday as he waited to ring the closing bell on the New York Stock Exchange after a spectacular first day of trading. The Grants Pass company’s shares soared by nearly 70% as investors clamored for a piece of Boersma’s chain of offbeat, drive-thru coffee stands. “This gig has always been about being true to yourself,” he said on a Zoom call from New York. “Our culture is everything in our company. I think it’s …
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