- June 24, 2021 / 5 min readKnown for its glazed donuts and coffee, it aims to sell about 26.7 million shares priced between $21 and $24 per share, the filing shared.
American doughnut company and coffeehouse chain Krispy Kreme Inc is looking to raise around $640 million through a U.S. initial public offering, according to a regulatory filing with the US Securities and Exchange Commission , valuing the donut chain at nearly $4 billion.
Owned by JAB Holding Company, the doughnut chain is planning to return to public trading after five years as a privately held company.
Known for its glazed donuts and coffee, it aims to sell about 26.7 million shares priced between $21 and $24 per share, the filing shared.
It is also planning to list on the Nasdaq under the ticker symbol "DNUT.
According to reports, it had confidentially filed with regulators in early May, which revealed a surge in revenue in the first quarter of 2021.
The brand recorded its highest level of sales, at $1.1 billion, in fiscal 2020.
Krispy Kreme first went public in 2000 but filed for Chapter 11 bankruptcy in 2005.
J.P. Morgan, Morgan Stanley, BofA Securities and Citigroup are the lead book-running managers for the offering.
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