Krispy Kreme is Finally Going Public Again After Years of Being Private

After five years of being private, doughnut chain Krispy Kreme has filed an IPO.

The company announced on Tuesday that it had confidentially filed with U.S. regulators for an initial public offering.

It was in 2000 that Krispy Kreme had first went public but later filed for Chapter 11 bankruptcy. This move came after the company had faced financial restatements, investigations into its accounting practices and a plunge in sales at some of its franchisees.

The company has been privately owned by JAB Holding Co. when it was purchased in a $1.35 billion deal in 2016.

It was earlier this year that Krispy Kreme did its part to encourage vaccinations for COVID-19 by offering free glazed doughnuts to anyone who showed a valid COVID-19 vaccination card at U.S. locations.

The company is offering a doughnut every day of this year just as long as you show proof of vaccination.

The United States has now administered over 100 million doses of the COVID-19 vaccine which means more than 35 million Americans fully vaccinated — 10.5% of the total U.S. population.

It was in 1937 when Krispy Kreme first opened in North Carolina, selling its doughnuts in local grocery stores. Today it sells items in 12,000 grocery and convenience stores in the U.S. and operates almost 1,400 shops of its own in 33 countries.