Krispy Kreme Seeks $640 Million in IPO as Sales Move Online
- JAB-owned chain’s online orders now a fifth of U.S. sales
- Company would have $3.86 billion market value at top of range
Photographer: Angus Mordant/Bloomberg
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Krispy Kreme Inc., the doughnut chain owned by JAB Holdings BV, is seeking to raise as much as $640 million in an initial public offering.
The company said in a filing Tuesday that it plans to sell almost 27 million shares for $21 to $24 apiece. At the top end of the range, Krispy Kreme would have a market value of $3.86 billion based on the outstanding shares listed in the filing with the U.S. Securities and Exchange Commission.