Dunkin'Brands IPO Stock Symbols : Five years after having been the object of a leveraged buyout from private equity groups, Dunkin’ Brands Group, the company that operates popular Dunkin’ Donuts and Baskin Robbins stores, is slated to return to the hands of public owners.
In tomorrow’s highly anticipated initial public offering, the company will look to raise more than $400 million through sale of shares when it lists on the Nasdaq (NASDAQ:NDAQ), trading under the ticker symbol (DNKN). Dunkin’ will sell 22.3 million shares, currently priced at $16-18 per share, giving the company a market value of $2.15 billion, or 3.6 times trailing 12-month sales.
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.
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Wednesday, July 27, 2011
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