MCD - Krispy Kreme sets terms for IPO in second run as a public company

Scott Olson/Getty Images News Krispy Kreme (DNUT) plans to offer 26,666,667 shares of its common stock in the company's IPO. The price for the initial public offering price is expected to be between $21.00 and $24.00 per share. The company will raise about $600M at the midpoint of the range and have a valuation of around $3.8B. Owner JAB Holding Company aims to purchase between $50M and $100M worth of shares in the offering. In addition, Chairman Olivier Goudet intends to purchase $5M worth of shares Krispy Kreme believes it has one of the largest and most passionate consumer followings today, exemplified by the over 38B  total media impressions generated by Krispy Kreme in FY20. The company also thinks market conditions will remain "highly favorable" as global consumers’ longstanding demand for quality indulgence continues to grow. That sentiment is based off data indicating that nearly all consumers (97%) enjoy indulgences at least

For further details see:

Krispy Kreme sets terms for IPO in second run as a public company