Twinkies maker Hostess Brands ‘to pursue IPO rather than be auctioned’

Hostess Brands, the US bakery known for classic snack cakes such as Twinkies, Ding Dongs and Sno Balls, is to pursue an initial public offering rather than getting auctioned, according to published reports. As AltAssets reported in 2013, then-bankrupt Hostess agreed to sell its business to the New York buyout firm Apollo Global Management and consumer industry …