Dunkin’ Brands Group Inc., which initially began selling stock shares to the public in July, announced today the offering by certain of its stockholders of 22 million shares of its common stock at a price of $25.62 per share.
That was yesterday’s closing price for the company’s stock shares. Dunkin’ Brands is the Canton-based parent company of Dunkin’ Donuts and the Baskin-Robbins ice cream chain.
“In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3.3 million shares from certain of the selling stockholders,” Dunkin’ Brands said in today’s press release. “The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company.”
Dunkin’ Brands had an initial public offering, or IPO, in July. On their first day of trading, Dunkin’ shares soared 46 percent above the initial public offering price. Shares closed that day at $27.85, up from the $19 IPO price. The company sold 22.3 million shares raising $422.8 million. Dunkin’ Brands said then that proceeds from the shares, which represented 19.7 percent of the company, would be used to reduce about $475 million in debt. The trio of private equity firms that own Dunkin’ Brands - Bain Capital Partners, Thomas H. Lee Partners of Boston, and Carlyle Group of Washington, D.C. - each retained a 26.1 percent controlling interest. The firms bought Dunkin’ for $2.4 billion six years ago.
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