Krispy Kreme Inc. disclosed Tuesday its filing for an initial public offering of common stock, but has not yet determined the terms. The North Carolina-based doughnut seller had filed confidentially for an IPO in early-March, as it looks to return to the public markets after a five-year absence.
The company was public from 2000 to 2016. There are 19 underwriters for Krispy Kreme’s IPO, with J.P. Morgan, Morgan Stanley, BofA Securities and Citigroup the lead book-running managers. The company expects the stock to trade on the Nasdaq under the ticker symbol “DNUT.” The company recorded a net loss of $64.3 million on revenue of $1.12 billion for the fiscal year ended Jan. 3, 2021, compared with a loss of $37.4 million on revenue of $959.4 million for the year ended Dec. 29, 2019. The company is looking to go public at a time that the Renaissance IPO ETF IPO, +0.08% has lost 11.3% over the past three months while the S&P 500 SPX, +0.08% has gained 7.8%.