SEPTInvestingStart Free

KDP 424B5: Secondary offering

Keurig Dr Pepper Inc.

Filed with the SEC on · accession 0001193125-26-457001

KDP filed a 424B5 (prospectus (offering)) with the SEC on Nov 12, 2026. Keurig Dr Pepper Inc. announced a $2 billion public offering of its common stock, with an option for underwriters to purchase up to an additional $300 million in shares. The stock moved -7.4% by the first close after the filing.

Summary of the filing

Keurig Dr Pepper Inc. announced a $2 billion public offering of its common stock, with an option for underwriters to purchase up to an additional $300 million in shares. The offering is part of a shelf registration and is intended to fund general corporate purposes, potentially related to the separation of its beverage and coffee businesses.

For details, click here →How to read a 424B5 →

Key details

Total offering amount$2.0B
Underwriters' over-allotment option$300.0M
IssuerKeurig Dr Pepper Inc.
UnderwriterGoldman Sachs & Co. LLC
UnderwriterMorgan Stanley

How KDP stock reacted

Close before

$38.25

Nov 11, 2026

First close after

-7.40%

$35.42

5 trading days

—

Since filing

-4.99%

$36.34

✦ Ask GOAX AI about this filing — what it means for KDP, what changed since its last filings and what to watch next.

Try it free for 7 days

🔔 Want to stay updated on new SEC filings for KDP?

Click here

Frequently asked questions

What did KDP file with the SEC on Nov 12, 2026?

KDP filed a 424B5 (Secondary offering). Keurig Dr Pepper Inc. announced a $2 billion public offering of its common stock, with an option for underwriters to purchase up to an additional $300 million in shares. The offering is part of a shelf registration and is intended to fund general corporate purposes, potentially related to the separation of its beverage and coffee businesses.

What does a secondary offering mean for KDP stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did KDP stock react to this filing?

KDP closed at $38.25 before the filing and $35.42 on Nov 12, 2026 (-7.40%).

Other KDP SEC filings

Get alerts when KDP files with the SEC, plus live charts, key levels and news for 13,000+ stocks.

Try SEPT free for 7 days
KDP overviewKDP analysisKDP newsLatest SEC filings