Dunkin' Brands Inc. Reportedly Considering Initial Public Offering
CANTON, Mass. -- Dunkin' Brands Inc. is reportedly considering a $500 million initial public offering later this year, according to Reuters.
Dunkin', which operates Dunkin' Donuts and Baskin-Robbins ice cream, is still in preliminary discussion and has not chosen banks to lead the potential IPO, according to the report. Sponsors reportedly disagree on the company's valuation, which could be as high as $750 million. The company, which was purchased by a group of private equity firms for $2.4 billion six years ago, had no comment.
"We do not respond to rumors or speculation," said Dunkin' spokeswoman Michelle King. "We are focused on operating our business and helping our franchisees drive revenues and profits at their restaurants."
In 2010, Dunkin' opened 574 net new locations worldwide and reported global sales of $7.7 billion, a 7 percent increase from 2009.