TSG-backed Dutch Bros valued at over $5 billion in NYSE debut

Sept 15 (Reuters) – Shares of Dutch Bros Inc, which is backed by private equity firm TSG, rose over 41% in their stock market debut on Wednesday, valuing the coffee chain at $5.36 billion.

Shares opened at $32.5, compared to the initial public offering price of $23 per share. (Reporting by Sohini Podder in Bengaluru; Editing by Vinay Dwivedi)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html