Food & Beverage

Markets a little 'glazed-over' for Krispy Kreme's return to trading

Krispy's Kreme's recent lemon glazed doughnut LTO. (Provided/file)

July 2, 2021

Krispy Kreme's IPO Thursday in New York fell short of the company's expectations, opening at $16.30, under its $17 initial public offering price, according to market data. The Raleigh, North Carolina doughnut QSR returned to public trading yesterday, about five years after leaving the market following its acquisition by JAB Holding in 2016 for $1.35 billion.

Last year, Krispy Kreme reported record net revenue of $1.1 billion. The longtime coffee and doughnut chain currently has approximately 1,400 stores, along with a strong retail business involving grocery and convenience stores nationally.