11:20 AM EST, 02/27/2025 (MT Newswires) -- Keurig Dr Pepper ( KDP ) said Thursday that a subsidiary of JAB Holding priced a public offering of 73 million of its shares at $32.80 apiece.

JAB has granted the underwriter a 30-day option to purchase up to an additional 10.95 million shares, the company added.

Upon completion, JAB will beneficially own approximately 10.7% of KDP's outstanding common stock, with its remaining shares subject to a 90-day lock-up agreement, the company said.

Keurig's stock was down 1.8% in recent trading.

Price: 33.15, Change: -0.59, Percent Change: -1.75