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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.

Fox News


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