Krispy Kreme Is Planning Another IPO

Krispy Kreme announced it has confidentially filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to go public, according to a press release. The number of shares and price of an initial public offering have yet to be determined. The IPO is expected to take place after the SEC completes its review process, subject to market and other conditions.

The company first went public in 2000, but it had to file for Chapter 11 bankruptcy following financial restatements, investigations into its accounting practices and a plunge in sales at some of its franchisees.

It was bought by privately owned JAB Holding Co in a USD1.35bn deal in 2016 when the investment firm was ramping up its bets on coffee and restaurant businesses.

Known for its glazed sugary treats, Krispy Kreme opened its first store in North Carolina in 1937 when it started selling doughnuts in local grocery stores. It now sells its treats in 12,000 grocery and convenience stores in the United States and operates nearly 1,400 shops in 33 countries.