Dunkin' Brand filed an amended S-1 form with the U.S. Securities and Exchange Commission seeking to sell more than 22 million shares. Shares are expected to go for $16 to $18.
The company would wind up with 126 million common shares and The Street said the paperwork crunches down to a market value of more than $2 billion.
Dunkin' Brands is seen as an attractive bet by some analysts due to its heavy cash flow and strong presence in the New York and New England areas. The company has a worldwide presence with locations in 57 countries.
The Street said the downside is a lag in revenues compared to its major competitor, Starbucks, and its franchise business model compared to Starbucks' outright ownership of its stores.
NBC reportedly holds celebs hostage to Jimmy Fallon's show
Boston schools pull out free condoms over wrapping complaints