Krispy Kreme Seeks To Raise US$500 Million In IPO

Krispy Kreme Inc. went public Thursday on the Nasdaq Global Select Market under the symbol “DNUT”. The company’s initial public offering is expected to close on July 6, 2021.

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The offering consists of 29,411,765 common shares at US$17.00 per share for potential total aggregate proceeds of US$500.0 million. Krispy Kreme also gave the underwriters a 30-day option to purchase an additional 4,411,764 common shares at the same share price.

J.P. Morgan, Morgan Stanley, BofA Securities, and Citigroup are all managing the proposed offering as lead underwriters. 

This IPO marks the return of the American doughnut company to the big board after it was taken private through an acquisition transaction in July 2016.

Krispy Kreme last traded at US$21.00 on the Nasdaq.

Information for this briefing was found via Sedar and Krispy Kreme. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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