NEW YORK (AP) — The parent of Dunkin’ Donuts plans to raise as much as $401 million before expenses through its initial public offering of 22.3 million shares, which are expected to price between $16 and $18 apiece.
Dunkin’ Brands Group Inc., the parent company of Dunkin’ Donuts and Baskin-Robbins, disclosed the estimated pricing in a regulatory filing on Monday.
The company anticipates proceeds of about $348.4 million after deducting expenses if the IPO is priced at the midpoint of $17 per share.
Dunkin’ is giving the underwriters a 30-day option to buy up to an additional 3.3 million shares.
The company plans to trade on the Nasdaq under the “DNKN” ticker symbol. The timing of the IPO has not been disclosed.