NEW BERLIN, NY – Chobani LLC filed a confidential draft registration statement with the US Securities and Exchange Commission (SEC) on July 6 for a public offering of common stock. Few details are known about the filing, but it sets the stage for the food manufacturer to go public.
The Wall Street Journal reported in February that Chobani was considering an initial public offering and seeking a valuation between $7 billion and $10 billion.
Chobani’s announcement comes on the heels of Krispy Kreme Doughnuts, Inc.’s, Winston-Salem, NC, IPO. On June 30, the day before the IPO made its debut on the Nasdaq under the symbol DNUT, Krispy Kreme announced it would offer 29,411,765 shares of its common stock at $17 per share, which was below the expected price range of $21 to $24 per share in a June 22 filing with the SEC.