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Caribou Files $90M IPO

BROOKLYN CENTER, MN-The coffeehouse chain files plans to sell its shares to the public to raise up to $90 million.

By Jim McCartney | Updated on July 20, 2005

BROOKLYN CENTER, MN-Gourmet coffeehouse operator Caribou Coffee Co. Inc. on Tuesday filed an initial public offering of common stock that could be worth up to $90 million. Caribou did not disclose how many shares it would sell, or at what price.

According to documents provided to the Securities and Exchange Commission, Merrill Lynch & Co. and Thomas Weisel Partners will serve as joint book-running managers for the IPO, with SunTrust Robinson Humphrey acting as a co-manager.

“Our strategy is to expand our concept into a nationally recognized brand in the United States while adding select international locations through licensing,” the company said in its filing with securities regulators.

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