Krispy Kreme aims to launch IPO, raising its valuation to $4 billion
Krispy Kreme Inc is aiming for a valuation of roughly $4 billion in a U.S. initial public offering (IPO), according to a regulatory filing on Tuesday.
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Published - Jun 22, 2021, 09:08 PM ET
Last Updated - Jun 04, 2024, 08:03 AM EDT
By Ishika Dangayach, 3:30 PM ET
Krispy Kreme Inc is aiming for a valuation of roughly $4 billion in a U.S. initial public offering (IPO), according to a regulatory filing on Tuesday.
The business plans to sell about 26.7 million shares at a price range of $21 to $24 per share. It would raise around $640 million at the high end of the pricing range.
Krispy Kreme's plans to list come at a time when the U.S. IPO market is seeing historic levels of activity, with firms raising about $171 billion, according to Dealogic data, breaking last year's record of $168 billion, Reuters reported.
