Krispy Kreme, which owns, operates, and franchises retail stores for doughnuts, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.
Krispy Kreme is an omni-channel business operating through a network of doughnut shops, partnerships with retailers, and an e-Commerce and delivery business. The company has developed a broad consumer base, selling 1.3 billion doughnuts across 30 countries in the FY20.
The Charlotte, NC-based company was founded in 1937 and booked $1.2 billion in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol DNUT. Krispy Kreme filed confidentially on April 23, 2021. J.P. Morgan, Morgan Stanley, BofA Securities, Citi, BNP Paribas, Deutsche Bank, Evercore ISI, Goldman Sachs, HSBC, Truist Securities, and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
