Dunkin' IPO Likely to Price Above Expectations: Sources

Dunkin’ Brands, the parent company of Dunkin’ Donuts and Baskin Robbins, could price its initial public offering as high as $20, above the intended range of $16 to $18 a share, according to people familiar with the matter.

Despite the offering’s high demand among investors, the number of shares being sold in the IPO is not expected to increase above earlier guidance of about $25 million, according to these people—in part because Dunkin’s private equity sponsors, which include Bain Capital, The Carlyle Group, and Thomas H. Lee Partners, do not want to further dilute their ownership.

(As part of the IPO, only the company is selling stock.)

At $20, Dunkin’s IPO is poised to raise about $450 million before fees, given that the deal's greenshoe, or overallotment option, is likely to be exercised.

Read Full Article from CNBC.com

- Posted: 2011-07-26 12:01:27

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