Dunkin' Brands (DNKN) Sees 50% Gain on IPO Debut
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Dunkin' Brands (Nasdaq: DNKN) had a stellar IPO debut Wednesday. Shares rose nearly 47 percent from its $19 per share pricing to close at $27.85. The move already makes the stock the fifteenth best performing IPO this year, according to data at IPO Insider.
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, which places the market cap at approximately $3.5 billion.
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, which places the market cap at approximately $3.5 billion.
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