Dunkin’ sets IPO price range
New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.
Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.
The Massachusetts-based Dunkin’ was purchased in 2006 from liquor company Pernod Ricard SA for $2.4 billion in cash by a trio of private-equity firms: Bain Capital Partners LLC, the Carlyle Group and Thomas H. Lee Partners. It is the latest private-equity-backed offering to arrange to go public in the United States this year.