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Krispy Kreme Falls Short of IPO Goal to Raise Only $500 Million

Bloomberg business news
Krispy Kreme CEO on IPO, Growth, Competition

Krispy Kreme Inc. priced its U.S. initial public offering below a marketed range to raise $500 million, short of the $640 million it had sought.

The company said in a statement Wednesday that it sold more than 29 million shares for $17 each. While the size of the sale was expanded from the almost 27 million shares that Krispy Kreme had planned to sell, the offer price was well below the $21 to $24 marketed range.