Krispy Kreme Shares Rise in Return to Public Markets

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Shares of Krispy Kreme Inc. rose more than 8% in their debut trading day, as the doughnut chain returned to the public markets.

Shares opened Thursday at $16.30, but more recently traded at $18.40.

The company priced its initial public offering at $17, well below the between $21 a share and $24 a share the company said it was expecting in its registration filing with the Securities and Exchange Commission.

Krispy Kreme, known for its glazed doughnuts, has been in business for more than 80 years. The Charlotte, N.C.-based company also owns a majority stake in cookie chain Insomnia Cookies.

Krispy Kreme earlier went public in 2000 but later went private after it was bought by JAB Holding Co. back in 2016 for around $1.35 billion. Following the offering, JAB will own roughly 77.6% of Krispy Kreme.

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