Dutch Bros Reveals Pricing Of $300M Equity Offering
Portfolio Pulse from Shivani Kumaresan
Dutch Bros Inc (NYSE:BROS) has priced its underwritten offering of 11.5 million shares at $26.00 per share, a 7% discount to the company’s closing price on Sept. 6, 2023. The gross proceeds from this offering are expected to be approximately $300 million. The offering is expected to close on Sept. 12, 2023. BofA Securities, J.P. Morgan and Jefferies are acting as lead book-running managers for this offering.

September 08, 2023 | 10:23 am
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Dutch Bros' equity offering at a 7% discount could potentially dilute existing shareholders' value, leading to a short-term negative impact on the stock price.
Equity offerings often lead to dilution of existing shareholders' value, especially when offered at a discount. This could lead to a short-term negative impact on the stock price as market adjusts to the new share count and price.
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