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. >To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: firstname.lastname@example.org.