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Activist investor who shook up Bed Bath & Beyond and Kohl’s says this is the next big retail opportunity

Reuters

UPDATE 2-Krispy Kreme eyes near $4 bln valuation in U.S. IPO

Krispy Kreme Inc is targeting a valuation of nearly $4 billion in a U.S. initial public offering, according to a regulatory filing on Tuesday, as the donut chain aims a return to the stock market to capitalize on the record capital markets activity. Known for its iconic glazed donuts, the company plans to sell about 26.7 million shares priced between $21 and $24 per share, the filing showed. Krispy Kreme’s listing plans come at a time when the U.S. IPO market is witnessing unprecedented levels of activity, with companies having already raised around $171 billion, according to data from Dealogic, scorching past last year’s record of $168 billion.

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