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SFGATE sfgate.com 15 Sep, 2021 18:30 am

After humble beginnings, Oregon's Dutch Bros launches IPO

After humble beginnings, Oregon's Dutch Bros launches IPO
SALEM, Ore. (AP) — After humble beginnings as a pushcart operation decades ago in an...

states, Dutch Bros Coffee on Wednesday launched an initial public offering on the New York Stock Exchange.Dutch Bros Coffee Executive Chairman Travis Boersma was expected to celebrate by ringing the closing bell at New York Stock Exchange.Unlike that chain, which is now ubiquitous in the United States and beyond, Dutch Bros is 100% drive-through.Dutch Bros Coffee in May held its 15th annual Drink One for Dane day, in which the company donated a portion of proceeds from all of its shops to the Muscular Dystrophy Association, the leading non-profit organization in ALS research, care and advocacy.

The company had an initial public offering price of $23 and the share price jumped to $36 in midday trading.(AP) — After humble beginnings as a pushcart operation decades ago in an Oregon town and growing into a company with hundreds of drive-through coffee shops in about a dozen U.

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