Reported Earlier, Dutch Bros Prices Secondary Public Offering Of 8M Class A Common Stock At $34/Share
Portfolio Pulse from Benzinga Newsdesk
Dutch Bros Inc. announced the pricing of a secondary public offering of 8M shares of Class A common stock at $34/share by TSG Consumer Partners, L.P. The offering is expected to close by March 26, 2024, with an option for underwriters to purchase an additional 1.2M shares.

March 22, 2024 | 7:28 am
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Dutch Bros Inc. has priced its secondary public offering of 8M shares at $34 each, with potential for an additional 1.2M shares to be sold. Closing expected by March 26, 2024.
The announcement of a secondary public offering typically has a neutral to slightly negative short-term impact on a company's stock price due to the potential dilution of shares. However, the fact that this offering is by selling stockholders and not Dutch Bros directly may mitigate direct dilution concerns. The pricing at $34 per share provides a clear reference point for the market, but the overall impact will depend on investor perception of the company's value proposition and future growth prospects.
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