Dunkin' reportedly considers going public
Dunkin' Brands Inc. is reportedly weighing a $500 million initial public offering later this year, according to a Reuters story.
The Canton coffee and doughnut chain is in preliminary discussions and has not yet selected banks to lead its IPO, the story said. There is apparently some disagreement among the sponsors over the company's valuation, the report said, and it could be as large as $750 million.
"We do not respond to rumors or speculation," said Michelle King, a Dunkin' spokeswoman. "We are focused on operating our business and helping our franchisees drive revenues and profits at their restaurants."
The push to take the company public comes six years after a group of private equity firms, including Boston's Bain Capital and Thomas H. Lee Partners, purchased Dunkin' for $2.4 billion.
Dunkin', which also runs ice cream chain Baskin-Robbins has accelerated its growth in recent years and opened 574 net new locations worldwide in 2010. The company reported global system-wide sales of $7.7 billion in 2010, a 7 percent increase from 2009.