JDE Peet's valued at $17.3 billion in espresso IPO

AMSTERDAM (Reuters) - Coffee maker JDE Peet's said on Friday its shares were priced at 31.50 euros each in an initial public offering, valuing the firm at 15.6 billion euros ($17.3 billion), as it became one of the few big companies to go public during the coronavirus crisis. Shares in the world's No. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet's Coffee and Jacobs, were expected to begin trading on Euronext in Amsterdam.JDE Peet's is raising 700 million euros (629.68..