Krispy Kreme: Announces Launch of Initial Public Offering

Winston-Salem / NC. (kkd) Krispy Kreme Doughnuts Inc., indirectly controlled by Luxembourg’s JAB Holding Company (JAB), announced that it has launched the roadshow for the initial public offering (IPO) of its common stock. Krispy Kreme is offering 26,666,667 shares of its common stock. Krispy Kreme expects to grant the underwriters a 30-day option to purchase up to an additional 4,000,000 shares of its common stock. The IPO price is expected to be between USD 21.00 and USD 24.00 per share. Krispy Kreme has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol «DNUT».

J.P. Morgan, Morgan Stanley, BofA Securities, and Citigroup are acting as lead book-running managers for the proposed offering. BNP Paribas, Deutsche Bank Securities, Evercore ISI, Goldman Sachs + Co. LLC, HSBC, Truist Securities, and Wells Fargo Securities are acting as joint book-running managers. Capital One Securities, C.L. King + Associates, Credit Agricole CIB, Mischler Financial Group Inc., MUFG, Ramirez + Co. Inc., Santander Investment Securities Inc., and Siebert Williams Shank, are acting as co-managers. The proposed offering will be made only by means of a prospectus filed with the U.S. Securities and Exchange Commission (SEC). For further information please read the following releases: