Food & Beverage
Krispy Kreme expects $4B IPO valuation
June 23, 2021
A filing with the U.S. Securities and Exchange Commission Tuesday indicated that Krispy Kreme Inc. was expecting a $4 billion valuation in its U.S. initial public offering, as it plans to return to public trading, after a 5-year stint as a privately owned company. In, 2016 JAB Holding Co acquired theNorth Carolina-based brand in a $1.35 billion deal.
Krispy Kreme expects to sell about 26.7 million shares priced in the $21 and $24 per share range, according to the filing. That could raise as much as $640 million.
The brand confidentially filed for the IPO initially in May. Its initial foray into public trading occurred in 2000, followed by its bankruptcy filing in 2005, but last year the brand reached its highest level of sales in its 85-year history.
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