Connect with us
https://tickernews.co/wp-content/uploads/2023/09/FOR-THE-NEXT-GEN.jpg

Money

Krispy Kreme set to rake in the dough in IPO listing

Published

on

Investors are about to earn more dough with their doughnuts

Krispy Kreme is gearing up with its official IPO launch, with the doughnut chain set to launch on the Nasdaq within hours.

Krispy Kreme plans to raise $500 million but priced its initial public offering well below expectations.

The company priced 29.4 million shares at $17 each, below the $21 to $24 per share range it had previously.

The IPO valued Krispy Kreme at $2.7 billion

Known for its iconic glazed doughnuts, Krispy Kreme will start trading from Thursday on the Nasdaq, along with 17 other companies that are scheduled to enter the market.

It first went public in 2000 but its unit had to file for Chapter 11 bankruptcy in 2005.

Delicious History of Krispy Kreme

Krispy Kreme opened its first store in North Carolina in 1937 when it started selling doughnuts in local grocery stores. Their business also includes cookie chain Insomnia Cookies, and k-cups for Keurig.

It sold 1.3 billion donuts across 30 countries in fiscal 2020, capping the highest level of sales in the brand’s history, with net revenues of $1.1 billion.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

The importance of personal branding

Published

on

How to position and build your own personal brand

If you’re into the world of innovative snacks and energetic entrepreneurship, you’ve likely heard of Jake Karls and Mid-Day Squares. This dynamic duo has taken the snack industry by storm, but what’s their secret, and what’s in store for the future?

Jake Karls is the co-founder of Mid-Day Squares, a brand that has carved a niche in the health and wellness market by providing delicious and nutritious chocolate bars.

He joined the Ticker Talks Growth hosts Liam Gostencnik and Tim O’Sullivan to discuss the journey of Mid-Day Squares and where they are heading next.

Watch part two of the interview here:

Continue Reading

Money

Why is it so expensive to attend a wedding?

Published

on

Guests are paying on average around $2,000 just to attend a loved one’s wedding.

We all know getting married is expensive, but it turns out even attending weddings can set you back a pretty packet.

New research by Finder shows that guests are on average spending nearly $2,000 just to attend.

Continue Reading

Money

Chinese youth swap LinkedIn for Tinder to find a job

Published

on

As LinkedIn withdraws from the Chinese market, young professionals and job seekers are turning to an unlikely platform in their quest for employment: Tinder.

This shift comes as a local news outlet recently reported the departure of LinkedIn from China.

Tinder, primarily known as a dating app, is now being repurposed by Chinese youth as a job-searching tool. Users are leveraging the platform’s network and communication features to connect with potential employers and explore career opportunities.

It appears to be a creative adaptation to fill the void left by LinkedIn, a platform renowned for professional networking.

This unconventional job-hunting trend has gained momentum, showcasing the adaptability and resourcefulness of the younger generation in China when faced with unexpected circumstances.

LinkedIn plans to maintain a certain level of presence in China, focusing on offering services to companies operating within the country. These services will facilitate hiring and training of employees based outside of China, as confirmed by a spokesperson from the company.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company