Dunkin’ Brands Group Inc., operator of the Dunkin’ Donuts coffee chain, on Wednesday filed to raise as much as $400 million in an initial public offering to pay down debt.
JPMorgan Chase, Barclays Capital and Morgan Stanley will underwrite, according to a regulatory filing. Dunkin’ didn’t disclose the pricing per share or an offering date. The stock will be listed on the Nasdaq Stock Market. The new ticker will be DNKN.
Dunkin’ was taken private five years ago by private equity firms Bain Capital, Carlyle Group and Thomas H. Lee Partners in a deal valued at $2.43 billion. The chain has picked a good time for an IPO as consumers are feeling more confident and spending more money eating out, said Jack Russo, of Edward Jones & Co. in St. Louis.
“The food-service environment in general has improved over the last six to nine months,” the analyst said.
Dunkin’, based in Canton, Mass., is also seeking to enter the growing single-cup coffee business by partnering with Green Mountain Coffee Roasters Inc. to make K- Cups for Green Mountain’s Keurig brewing machine.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.