Stock offering scheduled

Wednesday, March 22, 2000 | 11:10 a.m.

The initial public offering by Krispy Kreme Doughnuts Corp. has been tentatively scheduled for the week of April 3.

Krispy Kreme, which was founded in Winston-Salem, N.C., in 1937, plans to issue 3 million shares of common stock priced between $18 and $20 each and has applied for a listing on the Nasdaq under the symbol KREM.

The company hopes to raise about $51.8 million after expenses, which it said would be used mainly to repay debt and finance store expansion.

Las Vegas franchise operator Lincoln Spoor has four stores open in Southern Nevada, including free-standing locations at 7015 W. Spring Mountain Road and at Eastern Avenue and Lake Mead Drive, and stores in the Excalibur and Texas Station hotel-casinos. The company will open a North Las Vegas store at Craig Road and Martin Luther King Boulevard in April and another at Sahara Avenue and Nellis Boulevard by fall.

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