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Krispy Kreme shares slip in opening trade, reverse higher
By Kathi on Jul 01, 2021 | 05:31 AM IST
Shares opened at $16.30 after pricing at $17
Krispy Kreme Inc. shares fell 4.11% on Thursday in their
debut trade on the Nasdaq before turning higher.
Shares of the Winston-Salem, North Carolina-based doughnut
chain opened for trading at $16.30 apiece, valuing the company at $2.62
billion. Shares priced at $17 on Wednesday evening, below the $21 to $24 range
that was expected.
The disappointing pricing came as investors were stuffed full of new offerings during what has been one of the busiest weeks for U.S. IPOs.