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2021-07-02

I like the donuts

Krispy Kreme shares rise 23% despite disappointing pricing, opening trade

Krispy Kreme shares closed Thursday up more than 23% despite a disappointing opening trade for the c

Krispy Kreme shares rise 23% despite disappointing pricing, opening trade

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The stock's first trade on Thursday afternoon was $16.30 per share, but shares quickly rebounded. When the markets closed, the stock was trading for $21 a share.\nThe share offering raised $500 million for the company and gave it an implied valuation of $2.7 billion. Krispy Kreme, which also owns Insomnia Cookies, is trading on the Nasdaq under the ticker \"DNUT.\"\nThe chain first went public 21 years ago during the dot-com bubble. In 2016, JAB Holding, the investment arm of the Reimann family, took Krispy Kreme private after buying it for $1.35 billion. 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Krispy Kreme shares rise 23% despite disappointing pricing, opening trade

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