Wall Street Runs on Dunkin' (DNKN)
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Price: $42.04 -0.17%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +6.2%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.8%
Revenue Growth %: +6.2%
Trade DNKN Now!
The much anticipated IPO for Dunkin' Brands Group, Inc. (Nasdaq: DNKN) will open today on the NASDAQ. The company priced 22,250,000 shares of its common stock at a price of $19 per share, which was above the expected $16-$18 range.
The offering is being led by J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley & Co. along with BofA Merrill Lynch, and Goldman, Sachs & Co.
Sponsors of the deal are private equity firm's Bain Capital, LLC, The Carlyle Group and Thomas H. Lee Partners.
Dunkin' Brands is world's leading franchisor of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. The company has more than 16,000 points of distribution in 57 countries worldwide. Nearly all stores are franchised and include 9,760 Dunkin' Donuts restaurants and 6,433 Baskin-Robbins restaurants.
For fiscal years 2008, 2009 and 2010, the company generated total revenues of $544.9 million, $538.1 million and $577.1 million, respectively, operating income (loss) of $(140.9) million, $184.5 million and $193.5 million, respectively and net income (loss) of $(269.9) million, $35.0 million and $26.9 million, respectively.
The number of shares expected to be outstanding after the offering is 126,355,687 shares. If shares open at $19 that would give the company a market cap of approximately $2.4 billion.
Shares will be released for quotes at 10:25AM on the NASDAQ.
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The offering is being led by J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley & Co. along with BofA Merrill Lynch, and Goldman, Sachs & Co.
Sponsors of the deal are private equity firm's Bain Capital, LLC, The Carlyle Group and Thomas H. Lee Partners.
Dunkin' Brands is world's leading franchisor of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. The company has more than 16,000 points of distribution in 57 countries worldwide. Nearly all stores are franchised and include 9,760 Dunkin' Donuts restaurants and 6,433 Baskin-Robbins restaurants.
For fiscal years 2008, 2009 and 2010, the company generated total revenues of $544.9 million, $538.1 million and $577.1 million, respectively, operating income (loss) of $(140.9) million, $184.5 million and $193.5 million, respectively and net income (loss) of $(269.9) million, $35.0 million and $26.9 million, respectively.
The number of shares expected to be outstanding after the offering is 126,355,687 shares. If shares open at $19 that would give the company a market cap of approximately $2.4 billion.
Shares will be released for quotes at 10:25AM on the NASDAQ.
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