Private equity firm General Atlantic is considering a US initial public offering (IPO) of Joe & The Juice, potentially as early as 2026, Bloomberg has reported.

Joe & The Juice, a juice and coffee chain founded in 2002, operated 363 locations worldwide at the end of 2023.

Its offerings include freshly prepared juices, shakes, sandwiches and coffee made with natural and organic ingredients sourced directly from growers.

Sources, who requested anonymity as the information is not public, stated that General Atlantic has been in discussions with prospective advisers regarding the listing.

A first-time share sale is expected to value Joe & The Juice at €2bn ($2.4bn).

The private equity firm may select banks for this offering later in 2025, although deliberations are ongoing and details of the IPO could still change.

General Atlantic first invested in Joe & The Juice in 2016 and acquired a majority stake in 2023 from Valedo Partners.

In December, the brand strengthened its partnership with Deliveroo by entering an exclusive partnership for the UK market.

The collaboration enabled Deliveroo customers to order the full menu for on-demand delivery in Birmingham, Brighton, Greater London, Kent, Liverpool and Oxford.

Joe & the Juice and Deliveroo first entered a partnership in 2019, covering only five UK sites. They have since expanded their collaboration to 65 locations.

The partnership supports Joe & the Juice’s expansion plans, which include hundreds of new sites across the UK regions and London.