- July 2, 2021
- Posted by: Stratford Team
- Category: Business
FOX Business’ Stuart Varney and Strategic Wealth Partners’ Mark Tepper on Wednesday’s market open and Big Tech.
Krispy Kreme Inc. shares fell 4.11% on Thursday in their debut trade on the Nasdaq before turning higher.
Shares of the Winston-Salem, North Carolina-based doughnut chain opened for trading at $16.30 apiece, valuing the company at $2.62 billion. Shares priced at $17 on Wednesday evening, below the $21 to $24 range that was expected.
The disappointing pricing came as investors were stuffed full of new offerings during what has been one of the busiest weeks for U.S. IPOs.
7-ELEVEN, YUM! BRANDS FRANCHISEE ACQUIRES AU BON PAIN
Investors on Wednesday welcomed the debut of ride-hailing giant Didi Global Inc., the biggest IPO for a Chinese company listing in the U.S. since Alibaba in 2014. Also debuting was cybersecurity firm SentinelOne, the highest valued cybersecurity IPO of all time.
Ticker Security Last Change Change %DNUT KRISPY…
