Krispy Kreme Jumps in U.S. Trading Debut After Downsized IPO
- Doughnut chain’s investors include long-term holders, CEO says
- Company begins trading during one of busiest IPO weeks ever
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Krispy Kreme Inc.’s shares rose in their first day of trading, giving the doughnut chain a much-needed lift a day after it was forced to downsize its initial public offering.
The stock reversed an early decline and jumped 24% to $21 a share Thursday in New York. The Charlotte, North Carolina-based company, which is owned by investment firm JAB Holdings BV, opened at $16.30, below the $17 IPO price.