Dunkin' Donuts IPO: Shares Soar

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BOSTON ( TheStreet) -- Dunkin' Brands ( DNKN) served up big gains for investors in the company's trading debut on the Nasdaq Stock Market Wednesday.

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.

Dunkin' Brands, 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 Bain Capital, Carlyle Group and 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 ( KKD) dropped 9.3% to $8.23; Peet's Coffee & Tea ( PEET) lost 3.9% to $57.90; Green Mountain Coffee Roasters ( GMCR) fell 4.3% to $88.11; Starbucks ( SBUX) shares slipped 3% to $38.97; Tim Hortons ( THI) shares slid 3.1% to $46.97; and McDonald's ( MCD) was down 1.7% to $87.09.

-- Written by Robert Holmes in Boston.

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