Krispy Kreme submits plan for IPO

Krispy Kreme has submitted plans, to once again, be a publicly traded company. The doughnut chain said on Tuesday it had confidentially filed with U.S. regulators for…

an initial public offering.

An IPO would bring the chain back to the stock market five years after it was taken private.

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

JAB Holding Co. took Krispy Kreme private in a $1.35 billion deal in 2016.

The doughnut chain looks to strike while the iron is hot during a boom in U.S. capital markets, with companies raising $167 billion in 2020, according to Dealogic data.

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

As a part of a promotion earlier this year, the company gave away free glazed doughnuts to anyone who showed a…

Continue reading at FOXBUSINESS.COM

 

You May Also Like

About the Author: Admin