DavidS
Anti-Tea Party Member
Dunkin' Brands IPO prices at $19 per share | Reuters
(Reuters) - Dunkin' Brands (DNKN.O) has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal.
The IPO, priced above a previously set $16 to $18 range, gives the parent of the Dunkin' Donuts and Baskin-Robbins chains a market value of just over $2.4 billion -- less than a 10th of Starbucks' (SBUX.O).
The Canton, Massachusetts-based company plans to use proceeds from the IPO to repay debt and to help double the number of Dunkin' Donuts outlets in the United States over the coming 20 years.
(Reuters) - Dunkin' Brands (DNKN.O) has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal.
The IPO, priced above a previously set $16 to $18 range, gives the parent of the Dunkin' Donuts and Baskin-Robbins chains a market value of just over $2.4 billion -- less than a 10th of Starbucks' (SBUX.O).
The Canton, Massachusetts-based company plans to use proceeds from the IPO to repay debt and to help double the number of Dunkin' Donuts outlets in the United States over the coming 20 years.
