Krispy Kreme presents its IPO plan – fr

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Krispy Kreme presents its IPO plan – fr


Krispy Kreme submitted plans to once again become a publicly traded company.

The donut chain said on Tuesday it had confidentially filed with U.S. regulators for an initial public offering.

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An IPO would bring the channel back to the stock market five years after its privatization.

The company first went public in 2000, but had to file for Chapter 11 bankruptcy following financial restatements, accounting investigations and lower sales, according to Reuters.

JAB Holding Co. acquired Krispy Kreme in a $ 1.35 billion transaction in 2016.

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The donut chain appears to be hitting as iron is hot during a boom in U.S. financial markets, with companies raising $ 167 billion in 2020, Dealogic data shows.

Last year, the company opened a 4,500 square foot location in Times Square in New York City.

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As part of a promotion earlier this year, the company gave away free frozen donuts to anyone with a valid COVID-19 vaccination card at a Krispy Kreme store in the United States.

Krispy Kreme opened its first store in North Carolina in 1937 and operates nearly 1,400 stores in 33 countries.

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