Dutch Bros Files For IPO; Could Be Largest IPO in Oregon History

Dutch Bros Coffee has officially filed with the SEC for an initial public offering. In a Bloomberg article last month, an unnamed source said the company was targeting a 3 billion dollar valuation. Dutch Bros, founded in 1992 by Grants Pass natives Travis and Dane Boersma, operates 460 locations in 11 states after expanding into Texas and Oklahoma this year. The company now employs approximately 13,000 people. The coffee chain has several locations in Douglas County. Here is their official release: "GRANTS PASS, Ore., June 15, 2021 /PRNewswire/ -- Dutch Bros Inc. has confidentially submitted a draft Registration Statement on Form S-1 to the Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering would potentially take place after the SEC completes its review process, subject to market and other conditions. This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the "Securities Act"), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. SOURCE Dutch Bros Coffee"