1 Big Reason This Coffee Company's Value Is Soaring

·5 min read
1 Big Reason This Coffee Company's Value Is Soaring

After launching with an approximate $3 billion valuation, coffee chain Dutch Bros (NYSE: BROS) continues flexing its market cap muscles. Unlike many IPOs, whose share price spikes briefly and then slumps in profit-taking, Dutch Bros' market capitalization has grown more than threefold since its debut at $23 a share on Sept. 15. The momentum seems to be causing a feedback loop of new investment, while Wall Street analysts are giving the newly public company a slew of bullish ratings.

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