Latham & Watkins Advises on Dutch Bros Inc.’s Secondary Public Offering of Class A Common Stock

Dutch Bros Inc. (NYSE: BROS), a high-growth operator and franchisor of drive-thru shops, has announced pricing of the previously announced registered underwritten public offering by certain selling stockholders associated with TSG Consumer Partners, L.P. (the Selling Stockholders) of 8,000,000 shares of Dutch Bros’ Class A common stock, par value US$0.00001 per share at a public offering price of US$34 per share. The offering is expected to close on or about March 26, 2024, subject to the satisfaction of customary closing conditions. The Selling Stockholders granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of Common Stock.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Marc Jaffe, Ian Schuman, Stelios Saffos, and Scott Westhoff, with associates Abid Ahmed, Matt Schlanger, and Emma Gilmore.