In what was the biggest US listing by a Chinese company since 2014, China's Didi Global Incorporated debuted on Wednesday, June 30, with a valuation of more than $68 billion at close.
Krispy Kreme had previously planned to sell about 26.7 million shares, its earlier filing showed. With those terms, it would have raised $640 million at the top end of the range. Krispy Kreme opened its first store in North Carolina in 1937 when it started selling doughnuts in local grocery stores. Their business also includes cookie chain Insomnia Cookies, and k-cups for Keurig.
It sold 1.3 billion donuts across 30 countries in fiscal 2020, capping the highest level of sales in the brand's history, with net revenues of $1.1 billion.The IPO would mark Krispy Kreme's return to US stock markets five years after it was taken private by Keurig parent company JAB Holding in a $1.35-billion deal in 2016.on Thursday, July 1, under the ticker symbol DNUT. JP Morgan, Morgan Stanley, BofA Securities, and Citigroup are the lead book-running managers for the offering.
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