Krispy Comeback: Krispy Kreme to return to US stock market, eyeing $4bn IPO
Krispy Kreme is eyeing a valuation of nearly $4bn in a US initial public offering (IPO), a regulatory filing has revealed, as it plots a stock market comeback.
The doughnut chain appears to have its sights set on a listing amid a booming US IPO market, looking to capitalise on the markets record activity.
The company plans to sell around 26.7m shares at between $21 and $24 per share, the filing showed on Tuesday.
If it does not flunk at the last minute, the US chain could raise up to $640m under the ticker symbol “DNUT”.
JPMorgan, Morgan Stanley, Bank of America Securities and Citigroup are the lead book-running managers for the offering.
Krispy Kreme bowed out of the stock market five years ago, after it was taken private by German conglomerate JAB in 2016 for $1.35bn.
The US IPO market has enjoyed record levels of activity this year, having already raised around $171bn, according to data from Dealogic, soaring past last year’s record of $168bn.