Dunkin’ Brands Group Inc., owner of Dunkin’ Donuts doughnuts and coffee and Baskin Robbins ice cream brands, filed to raise their IPO to $400 million. It plans to list on the Nasdaq Global Select Market under the symbol “DNKN”, using proceeds from the IPO to repay debt, as well as for working capital and general corporate purposes.
Dunkin’ Brands, which used to operate as a unit of Allied Domecq, was taken private in 2005 by private equity firms Bain Capital, Carlyle Group, and Thomas H. Lee Partners in a $2.4 billion deal. Its main competitors are Cold Stone Creamery, Dairy Queen, Starbucks (NASDAQ:SBUX), and Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), whose stock has been increasing dramatically, at $76.69 a share, up from $33.25 at the beginning of February 2011.
Dunkin’ Brands has over 16,000 distribution centers in 57 countries, earning them $26.9 million on revenue of $577.1 million in the last fiscal year. No news yet on the number of stocks to be sold or their initial share price.
Here’s your Cheat Sheet to how the coffee giants are performing on the Dunkin’ news:
Caribou Coffee Co., Inc. (NASDAQ:CBOU) is up 3.54%, Peet’s Coffee & Tea, Inc. (NASDAQ:PEET) is down 0.39%, McDonald’s Corporation (NYSE:MCD) is up 0.11%, Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is up 19.17%, Starbucks (NASDAQ:SBUX) is down 0.80%, and Coffee Holding Co., Inc. (NASDAQ:JVA) is up 2.17%.