Dunkin’ Brands is Offering 22.3 Million Shares

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Dunkin’ Brands is Offering 22.3 Million Shares for $16 to $18 Each

Taken private in 2006 by Bain Capital LLC, Carlyle Group and Thomas H. Lee Partners LP, Dunkin’ follows private equity- backed companies such as HCA Holdings Inc. and Kinder Morgan Inc. in returning to the public market this year after leveraged buyouts. Private equity owners have completed the biggest U.S. IPOs in 2011 as a rising U.S. stock market increased investors’ demand for companies acquired through debt-fueled acquisitions.
“After the market has done so well, from a timing point of view it’s a good idea to get it done now,” Hugh Johnson, who oversees about $2 billion as chairman of Albany, New York-based Hugh Johnson Advisors LLC, said in an interview. “If I were in the private equity business, I’d be trying to raise liquidity as fast as I could.”
The doughnut chain has more than 16,000 locations in 57 countries under the Dunkin’ Donuts and Baskin-Robbins brands, according to the filing. Bill Rosenberg founded his first restaurant in the 1940s, which was later renamed Dunkin’ Donuts.
The stock will trade on the Nasdaq Stock Market under the ticker symbol DNKN.
Dunkin’s offering is being led by JPMorgan Chase & Co. (JPM), Barclays Plc, Morgan Stanley, Bank of America Corp. and Goldman Sachs Group Inc. (GS)
The company aims to complete the offering by the end of July, two people familiar with the plans said last month. The timing of the IPO is subject to change based on market conditions and demand for the shares.

http://www.bloomberg.com/