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Headline: Doughnuts fill market hole Source: Euromoney Date: February 2001 Author: Antony Currie Issuer: Krispy Kreme DoughnutsDeal: IPOAmount: $72.5 millionDate: April 5 2000Bookrunner: Deutsche Banc Alex Brown When Scott Livengood took his company public last year, he had two distinct advantages over most other issuers. First, he wasn’t a technology or internet company: shares in many of these companies were in near free fall, and would remain volatile for the rest of the year. But Krispy Kreme Doughnuts is a well-established company – it was founded in 1937 – with two distinct characteristics often missing from tech and internet companies: earnings and profits. |
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