Skip to main content



) --

Dunkin' Brands

, the parent of the Dunkin' Donuts and Baskin Robbins chains, Tuesday

priced its initial public offering at $19 per share

, above its estimated range of $16-$18.

The company, which was bought by a private equity consortium including

Bain Capital


Carlyle Group


Thomas H. Lee Partners

back in 2006 for $2.4 billion, is selling 22.25 million shares in its market debut to raise roughly $423 million. The deal includes an over-allotment option for the sale of an additional 3.34 million shares.

TheStreet Recommends

The stock is expected to start trading Wednesday on the Nasdaq exchange under the symbol "DNKN."

Dunkin' Brands filed for the offering in late May. While demand for the shares was enough to result in the above-range pricing, the company did have $1.87 billion in debt on its balance sheet as of March 26.

The company posted a loss of $1.7 million for the March quarter on revenue of $139.2 million, down from a profit of $5.9 million on revenue of $127.4 million in the same period a year earlier, according to its Form S-1 registration statement filed with the

Securities and Exchange Commission


The company gets the majority of its revenue from franchise fees and royalty income, which totaled $86 million in its latest quarter. At the end of 2010, there were 9,760 Dunkin' Donuts stores worldwide, including 6,772 franchised restaurants. Baskins Robbins has more than 6,000 locations in 35 countries.

This week is a busy one for IPOs with 11 offerings on tap. Excluding Dunkin' Brands, Greenwich, Conn.-based Renaissance Capital estimates 84 IPOs have priced so far this year, up 18% from a year ago, with proceeds totaling $26.7 billion, an increase of 148% from 2010 on a year-to-date basis.

The top IPO performers of 2011 include


(MMYT) - Get MakeMyTrip Ltd. Report

, up 167%;

Vera Bradley

(VRA) - Get Vera Bradley, Inc. Report

, up 147%;


, up 138%;



, up 127%; and



, up 108%.

The new issues seeing the biggest declines this year are

FriendFinder Networks

( FFN), down 55%;

NetQuin Mobile


, down 54%;


(PATH) - Get UIPATH INC Report

, down 38%;

Mecox Lane


, down 37%; and

Acelrx Pharmaceuticals

(ACRX) - Get AcelRx Pharmaceuticals, Inc. Report

, down 35%.


Written by Michael Baron in New York.

>To contact the writer of this article, click here:

Michael Baron


>To submit a news tip, send an email to:

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.