Dunkin' Donuts IPO: Shares Soar

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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

If you liked this article you might like

Dow Dives 1,032 Points as Volatility Spikes, Bond Yields Rise

Dow Dives 1,032 Points as Volatility Spikes, Bond Yields Rise

Dunkin' Brands' New 3-Year Blueprint Aims to Grow Sales, Overhaul Menu

Dunkin' Brands' New 3-Year Blueprint Aims to Grow Sales, Overhaul Menu

The Dow's Wild Ride - 5 Things You Must Know Before the Market Opens Tuesday

The Dow's Wild Ride - 5 Things You Must Know Before the Market Opens Tuesday

American Still Runs on Dunkin' as Coffee Chain Reports Earnings Beat