Krispy Kreme is poised to become a public company once again, the chain announced Tuesday.
The brand said it confidentially submitted a draft registration statement to the SEC related to the IPO of its common stock. Krispy Kreme has not yet determined the number of shares to be offered and the price range for the proposed offering.
"The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," the company said in a statement.
Krispy Kreme is poised to become a public company once again, the chain announced Tuesday.
The brand said it confidentially submitted a draft registration statement to the SEC related to the IPO of its common stock. Krispy Kreme has not yet determined the number of shares to be offered and the price range for the proposed offering.
"The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," the company said in a statement.
In 2020, the company opened 70 units.
Dutch Bros Coffee is reportedly weighing an IPO for later in 2021, according to Bloomberg.
The Oregon-based chain, which has more than 450 units, is seeking to be valued at around $3 billion, sources told the media outlet. The company has talked to advisors, but no final decision has been made on the matter.
Dutch Bros prides itself as being the largest privately owned coffee chain in the U.S. In October 2018, the chain announced that private equity firm TSG Consumer Partners had acquired a minority stake. Financial terms of the deal weren’t disclosed. At the time, Dutch Bros expected to leverage TSG’s expertise and resources to reach 800 stores in five years and attract talent, employ innovative technology, and use business intelligence and data to advance operations.
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Company Overview
Kura Sushi USA Inc is a Japanese restaurant company. It operates revolving sushi chain restaurants in the United States. It provides access to the revolving and express conveyor belts, on-demand ordering screen, plate slot, and the Bikkura-Pon rewards machine. The company offers several dishes including Dashi Olive Salmon, Tomago, Sweet Shrimp, Tuna, Garlic Tuna steak and Salmon among others. Geographically, it derives revenue from the United States of America.