Dunkin’ Brands Group, Inc., the parent company of Dunkin’ Donuts and Baskin-Robbins, announced on 26 July a the initial public offering of 22.25 million shares at $19 per share. The company’s shares are expected to begin trading on The NASDAQ Global Select Market on July 27 under the trading symbol “DNKN.” The underwriters have been granted a 30-day option to purchase up to an additional 3.3 million shares. The company had previously projected the IPO price at ranging from $16 to $18 a share.
With more than 16,000 points of distribution in 57 countries worldwide, Dunkin’ Brands Group, Inc., is a leading franchisor of quick service restaurants serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of 2010, Dunkin’ Brands’ nearly 100 per cent franchised business model included 9,760 Dunkin’ Donuts restaurants and 6,433 Baskin-Robbins restaurants, and the company had system-wide sales of approximately $7.7 billion.
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