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Doughnut maker considering selling stock

Thursday, Aug. 19, 1999 | 10:06 a.m.

Krispy Kreme may soon sell more than just hot glazed doughnuts.

Winston-Salem, N.C.-based Krispy Kreme is considering an initial public offering of shares of its common stock, the company said.

The company has three outlets and an expansion plan in Las Vegas.

Company officials said they plan to file registration papers for the possible IPO later this year and to complete the offering in early 2000.

Krispy Kreme has flourished, mainly in the South, since it began 61 years ago. But is has expanded to about 130 stores in 17 states, including ones in New York City, St. Louis, Omaha and Las Vegas.

Krispy Kreme announced last year it was moving toward establishing 400 stores in five years. In 1998, Krispy Kreme's had sales of $203.3 million.

Officials said the stock offering is contingent on a number of factors, including market conditions.

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