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Krispy Kreme prices IPO at $17 a share, well below range

Krispy Kreme prices IPO at $17 a share, well below range

Krispy Kreme Inc. priced its initial public offering at $17 a share late Wednesday, significantly below their expected range of $21 to $24 a share.

The doughnut chain plans to sell 29.4 million shares, raising about $500 million.

Shares are expected to begin trading Thursday on the Nasdaq under the ticker symbol “DNUT” DNUT.

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Julia has handled various businesses throughout her career and has a deep domain knowledge. She founded Stock Market Pioneer in an attempt to bring the latest news to its readers. She is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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