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Dutch Bros Priced, NYSE: BROS

Owns and franchises drive-thru coffee shops in the Western US.

Industry: Consumer Discretionary

Latest Trade: $52.01 0.00 (0.0%)

First Day Return: +59.5%

Return from IPO: +126.1%

Industry: Consumer Discretionary

Dutch Bros is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. 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. While espresso-based beverages are still at the core of what we do, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers. We believe Dutch Bros is more than just the products we serve—we are dedicated to making a massive difference in the lives of our employees, customers and communities. This combination of hand-crafted and high-quality beverages, our unique drive-thru experience and our community-driven, people-first culture has allowed us to successfully open new shops and continue to share the “Dutch Luv.” Today, we believe that Dutch Bros is one of the fastest-growing brands in the foodservice and restaurant industry in the United States by location count. In the past five and a half years, we have increased our shop count from 254 shops in seven states at the end of 2015 to 471 shops in 11 states as of June 30, 2021. As of June 30, 2021, 264 of our shops were franchised and 207 were company-operated.
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IPO News for Dutch Bros
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IPO Data
IPO File Date 08/20/2021
Offer Price $23.00
Price Range $18.00 - $20.00
Offer Shares (mm) 21.1
Deal Size ($mm) $484
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/14/2021
Offer Price $23.00
Price Range $18.00 - $20.00
Offer Shares (mm) 21.1
Deal Size ($mm) $484
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Grants Pass, OR
Founded 1992
Employees 7,876
Website www.dutchbros.com