Krispy Kreme has confidentially filed for an initial public offering
May 5, 2021, 05:31 IST
- Krispy Kreme has confidentially filed for an IPO.
- The donut chain said on Tuesday it had filed paperwork with the SEC.
- Krispy Kreme was acquired by JAB Holding in 2016 at a private valuation of $1.35 billion.
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Doughnut chain Krispy Kreme said on Tuesday it had confidentially submitted paperwork for an initial public offering with the Securities and Exchange Commission.
Krispy Kreme was acquired in 2016 by JAB Holding, JAB Holding, the investment arm of the secretive billionaire Reimann family, in a deal valuing the company at $1.35 billion.
Last month, JAB Holding also completed an $800 million refinancing of another restaurant chain in its portfolio, Panera Bread, which could open its path to return to the public markets as well.
(Reuters reporting by Nivedita Balu in Bengaluru; Reuters editing by Aditya Soni)