Krispy Kreme, Inc.

Krispy Kreme, Inc. (DNUT) priced its initial public offering on Jul 2, 2021 at $17.00 per share, below its $21.00–$24.00 range, raising $500M, and listed on Nasdaq. At the IPO price its market capitalization was about $2.78B. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, BofA Securities and Citigroup and others. Skadden, Arps and McDermott Will & Emery advised the company and Davis Polk advised the underwriters.

Krispy Kreme, Inc. is an omni-channel doughnut business operating Hot Light Theater and Fresh Shops, delivering fresh doughnuts daily to grocery and convenience stores, running e-commerce and delivery, and selling a packaged sweet treat line through retailers in the U.S. and other markets.

Status

IPO

Ticker

DNUT

Exchange

Nasdaq

Priced

Jul 2, 2021

IPO price

$17.00

Price range

$21.00–$24.00

Raised

$500M

Market cap at IPO price

$2.78B

First filed

Jun 1, 2021

Underwriters

J.P. Morgan, Morgan Stanley, BofA Securities, Citigroup, Goldman Sachs, Deutsche Bank, Evercore ISI, Truist, Wells Fargo, HSBC, Capital One and Santander

Company counsel

Skadden, Arps and McDermott Will & Emery

Underwriters' counsel

Davis Polk

Sector

Consumer

Country / state

NC

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.