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Drive-through drinks company Dutch Bros. is expanding east and bringing its Blue Rebel drinks with it

·7 min read
Drive-through drinks company Dutch Bros. is expanding east and bringing its Blue Rebel drinks with it
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Shares of Dutch Bros., a Grants Pass, Ore.-based purveyor of coffee and other hot and cold drinks, soared 60% soon after they began trading on Wednesday in their first session as a public company. The stock, which is trading on the New York Stock Exchange under the ticker “BROS,” opened 41% above the $23 IPO issue price, which was itself above the proposed price range of $18 to $20. The company sold 21.05 million shares in the IPO to raise $484.2 million at a valuation of about $3.7 billion.