We advised the underwriters on the IPO and Nasdaq listing

Davis Polk advised the representatives of the several underwriters in connection with the $500 million initial public offering by Krispy Kreme, Inc. of 29,411,765 shares of its common stock. Krispy Kreme is listed on the Nasdaq Global Select Market under the ticker symbol “DNUT.”

Krispy Kreme is a global sweet treat brand with a broad customer base, selling 1.3 billion doughnuts across 30 countries in 2020. Over its 83-year history, its iconic Original Glazed doughnut has become universally recognized for its melt-in-your mouth experience. Krispy Kreme is an omni-channel business operating through a network of doughnut shops, partnerships with leading retailers and a rapidly growing e-Commerce and delivery business.

The Davis Polk capital markets team included partners Deanna L. Kirkpatrick and Marcel Fausten and associate Michael Jiang. Partner Frank J. Azzopardi and associate Christopher C. Woller provided intellectual property advice. Counsel Michael Comstock provided environmental advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.