Business
Dutch Bros. to start trading in shares on Wednesday
The price of the initial public offering will be $ 23 per share
PORTLAND, Ore. (KOIN) – The Grants Pass-based coffee company Dutch brothers has exciting news in the works: its IPO.
Dutch Bros., which has steadily increased its number of coffee stalls in Oregon and the western United States, will begin its initial public offering of more than 21 million shares on Wednesday.
This means that anyone can buy shares in the company.
Dutch Bros. announced Tuesday afternoon that the initial price would be $ 23 per share. That’s higher than the initially estimated price per share, which was $ 18 to $ 20.
The company’s initial public offering 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 for an Oregon company because we don’t have a lot of them here, said Daniel Rogers, associate professor of finance at Portland State University. .
Rogers says that anyone should be able to buy stocks through any type of brokerage account, for example through companies like Robin Hood, Fidelity or Charles Schwab.
He says there might be some benefit to buying stocks when the market opens at 6:30 a.m. PT. He said if there was a lot of excitement surrounding the company, the stock price could climb higher throughout the day.
Sometimes the first day of trading is very unusually active and sometimes the price, let’s say, will appear on this first day. And so, it’ll be really interesting to watch, Rogers said.
Rogers says that the course of the price after the first day depends on the movement of the stock market as a whole. He says that right now the stock market is near all-time highs. He says there is always the risk that if the stock market weakens, the price of Dutch Bros. shares could go down.
When it comes to investing in a business, Rogers recommends people look at its potential for growth. He says Dutch Bros. will be required to file an S-1 report quarterly with the Securities and Exchange Commission, and investors can use these reports to keep an eye on the business.
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