Global IPO Overview

JDE Peet’s BV Wins Big on Caffeine-Fueled IPO

JDE Peet’s BV (JDEP), which owns American coffee brands like Peet’s, Intelligentsia, and Stumptown, completed its IPO last Friday in record time: ten days. While an IPO traditionally takes up to four weeks, the company moved swiftly in an attempt to skirt the market’s instability during coronavirus.

Valued at €15.6 billion ($17.3 billion) after raising €2.25 billion ($2.5 billion), JDE Peet’s BV traded 18% above its original offer price at €37, or $41 per share, by noon Amsterdam time last Friday. The company’s debut was the second-largest this year and welcome bit of good news during an otherwise dismal quarter. European, Middle Eastern, and African markets had only 28 IPOs in the first three months of 2020, which is the lowest number for a quarter in the past seven years.

JDE Peet’s, and investors, are betting on a continued demand for coffee. Most of the company’s revenue comes from its home-brewed offerings, which are in high demand as many people are still mostly confined to their homes.

Asia: South Korea’s Big Hit Entertainment Rides K-Pop Wave to IPO

South Korea’s Big Hit Entertainment, home of massive K-Pop acts like BTS, filed for its IPO on May 27, after years of speculation.

In 2019, the company had its biggest year yet with a reported revenue of $507.9 million in US dollars fueled in part by the global success of boy-band BTS. There’s no set date for the IPO, but the Korea Exchange said in a statement that JP Morgan (JPM), NH Investment & Securities, and Korea Investment & Securities are underwriting the deal.

Presently, the company’s majority shareholders are Founder and Chairman-CEO Bang Hi-Syuk and gaming company Netmarble. The company will join just a few other publicly traded South Korean entertainment companies including SM Entertainment, JYP Entertainment, and YG Entertainment.

United States: Warner Music Group Presses Play on IPO

Stateside, Warner Music Group made its public debut yesterday after originally filing in February and redacting in March when the coronavirus pandemic hit. For this updated IPO, the music company ended up raising $1.8 billion by selling 70 million shares of Class A common stock at $23 to $26 per share.

Though market volatility initially delayed the plan, Warner Music Group is encouraged by the recent success of music streaming which has only continued amid the pandemic. Share prices for streaming company Spotify (SPOT) surged 36% in the time since Warner’s shelved IPO.

Today, keep an eye out for another public offering from ZoomInfo Technologies Inc, a SaaS company that focuses on cloud intelligence for sales and marketing teams. JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) are planning to help ZoomInfo price shares of the company between $19 and $20 each, with an aim to sell 44.5 million shares to the public. The takeaway is that after a long winter and late spring, the IPO market appears to be showing signs of life around the world.

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

All your finances.
All in one app.

SoFi QR code, Download now, scan this with your phone’s camera

All your finances.
All in one app.

App Store rating

SoFi iOS App, Download on the App Store SoFi Android App, Get it on Google Play

ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

TLS 1.2 Encrypted
Equal Housing Lender