- Krispy Kreme filed to go public via an initial public offering (IPO).
- In its S-1 filing Tuesday, the doughnut brand said it would be traded on the NASDAQ under the ticker DNUT.
- Krispy Kreme didn’t say how many shares it would offer, or their price.
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Doughnut brand Krispy Kreme has officially filed to go public via an IPO.
The North Carolina-based company said it would be traded on the NASDAQ under the ticker DNUT, per its Security and Exchange Commission S-1 filing on Tuesday.
Krispy Kreme said it hoped to raise $100 million, a figure commonly used as a placeholder in S-1 filings. The chain didn’t say how many shares it would offer or their price.
Krispy Kreme said on May 4 that it had confidentially submitted paperwork for an IPO.
This isn’t the first time the doughnut brand has gone public. It first went public on the NASDAQ in 2000, under the ticker KREM, before switching to the New York Stock Exchange the next year using the ticker KKD.
Krispy Kreme become private in 2016 after it was acquired by European conglomerate JAB Holding at a $1.35 billion valuation. JAB also owns Panera Bread, Caribou Coffee, Au Bon Pain, and Pret A Manger. The S-1 filing suggests that JAB would remain the controlling shareholder.
Krispy Kreme, which was founded in 1937, reported $1.12 million net revenue in the 2020 fiscal year, with a net loss of $60.9 million.