- Krispy Kreme on Tuesday officially filed for an initial public offering.
- In its S-1 filing, the doughnut brand said it would trade on the Nasdaq under the ticker DNUT.
- Krispy Kreme didn’t say how many shares it would offer or their price.
- See more stories on Insider’s business page.
The doughnut brand Krispy Kreme officially filed for an initial public offering.
The company, based in North Carolina, said in its S-1 filing with the Securities and Exchange Commission on Tuesday that it would trade on the Nasdaq under the ticker DNUT.
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.
The doughnut brand 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 became private in 2016 after the European conglomerate JAB Holding — which also owns Panera Bread, Caribou Coffee, Au Bon Pain, and Pret A Manger — acquired it for about $1.4 billion. The S-1 filing suggested that JAB would remain the controlling shareholder.
Krispy Kreme, founded in 1937, reported $1.1 billion net revenue in fiscal 2020, with a net loss of $60.9 million.