Dutch Bros to begin trading stock Wednesday
PORTLAND, Ore. (KOIN) — The Grants Pass-based coffee company Dutch Bros has some exciting news brewing: it’s going public.
Dutch Bros, which has been steadily increasing its number of coffee stands throughout Oregon and around the Western United States, will begin its initial public offering of more than 21 million shares on Wednesday.
This means anybody can purchase stock in the company.
Dutch Bros announced Tuesday afternoon that the initial price will be $23 per share. This is higher than the originally estimated price per share, which was $18-$20.
The initial public offering company stock will be listed on the New York Stock Exchange under the symbol “BROS” on Wednesday and is expected to close on Friday.
“It’s exciting to have a good-sized IPO happening for an Oregon company because …
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