served up big gains for investors in the company's trading debut on the
Nasdaq Stock Market
The stock, which began trading Wednesday under the symbol "DNKN," opened at $25 and closed at $27.85, a gain of $8.85 or 46.6%. More than 44 million shares changed hands, with the stock showing an intraday high of $29.62.
, which owns Dunkin' Donuts and ice cream chain Baskin-Robbins, priced its initial public offering late Tuesday at $19 a share.
Dunkin' Donuts' Big and Toasty sandwich
The company, which was bought by a private-equity consortium including
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.
Other coffee- and doughnut-related stocks were trading lower Wednesday.
Krispy Kreme Donuts
dropped 9.3% to $8.23;
Peet's Coffee & Tea
( PEET) lost 3.9% to $57.90;
Green Mountain Coffee Roasters
fell 4.3% to $88.11;
shares slipped 3% to $38.97;
shares slid 3.1% to $46.97; and
was down 1.7% to $87.09.
-- Written by Robert Holmes in Boston
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