Krispy Kreme prices IPO at $17 a share, well below range

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Krispy Kreme Inc. priced its initial public offering at $17 a share late Wednesday, significantly below their expected range of $21 to $24 a share.

The doughnut chain plans to sell 29.4 million shares, raising about $500 million.

Shares are expected to begin trading Thursday on the Nasdaq under the ticker symbol “DNUT” DNUT.

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