DNKN - Krispy Kreme files confidentially for initial public offering

Doughnut chain Krispy Kreme said it confidentially submitted paper work to register for an initial public offering.The number of shares to be offered and the price range for the proposed offering have not yet been determined, according to a statement. The IPO is expected to take place after the SEC completes its review process and subject to market and other conditions.JAB Holdings acquired Krispy Kreme in 2016 for $1.35B. JAB,  the investment vehicle of Germany’s billionaire Reimann family, also owns Panera Bread, Keurig Green Mountain and Caribou Coffee and Peet’s Coffee & Tea chains.Krispy Kreme competitor Dunkin Brands (DNKN) was purchased by Inspire Brands, the owner of Arby's restaurants, for $8.76B  last year.

For further details see:

Krispy Kreme files confidentially for initial public offering