Dutch Bros Announces $300 Million Underwritten Public Offering
Palo Alto – September 6, 2023 – Cooley advised Dutch Bros, a publicly held drive-thru coffee chain, on its $300 million underwritten public offering of Class A common stock. Partners Eric Jensen and Alan Hambelton led the Cooley team advising Dutch Bros.
The underwriters will have a 30-day option to purchase up to $45 million of additional shares of its Class A common stock, subject to market and other conditions.
BofA Securities, JP Morgan Securities and Jefferies acted as lead book-running managers for the offering.
Cooley previously advised Dutch Bros on its $556.8 million IPO in September 2021.
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