facebook
twitter
rss
account
search
search
 

Dunkin' could raise $400 million with IPO

July 12, 2011 at 12:35 AM   |   Comments

NEW YORK, July 12 (UPI) -- The U.S. parent company of Dunkin Donuts and Baskin-Robbins said Monday its initial public offering could raise $400 million.

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.

Topics: Starbucks
© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback