DNUT News

More consumers are dining out and restaurants are looking to cash in. Last week, the moribund IPO market got a boost from fast-casual Mediterranean chain CAVA Group (CAVA), whose $100 million filing makes it the first sizable restaurant to join the IPO pipeline since November 2021, when Brazilian steakhouse chain Fogo Hospitality (FOGO) filed...read more

In the US IPO market’s busiest week since 2004, 19 IPOs raised nearly $10 billion, led by Chinese ride-hailing giant DiDi Global (DIDI). The second largest IPO of the year, DiDi (DIDI) upsized and priced at the high end to raise $4.4 billion at a $70.4 billion market cap. DiDi is China’s dominant ride-hailing app, with 15...read more

Krispy Kreme, which owns, operates, and franchises doughnut shops, raised $500 million by offering 29.4 million shares at $17, below the range of $21 to $24. The company offered 2.7 million more shares than anticipated. Owner JAB had indicated on between $50 million and $100 million worth of shares in the offering, and Chairman Olivier Goudet had indicated on $5 million worth...read more

17 IPOs are slated to raise $9.1 billion in the week ahead, led by long-awaited Chinese ride-hailing giant DiDi Global (DIDI). DiDi (DIDI) plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue...read more