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IPO Edge Editor Jannarone: Ride with DiDi But Resist a Visit to Krispy Kreme

IPO Edge
·1 min read

As IPO fever stretches into summer, investors should consider shares of Chinese ridesharing juggernaut DiDi Global Inc., which boasts a profitable core business with plenty of room for growth in autonomous vehicles and other new verticals when it debuts this week. But he suggested avoiding Krispy Kreme, Inc., another highly anticipated deal, which has shown little organic growth in recent years and has been been hobbled with debt. That’s according to IPO Edge Editor-in-Chief John Jannarone, who spoke to Cheddar TV on Wednesday before the opening bell. For those looking to invest in sweets, Jannarone pointed to Twinkie-maker Hostess Brands, Inc., the category leader whose top and bottom lines are growing apace.

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