Dunkin’ Brands is seeking to raise about $400 million in an initial public offering, Financial Times reports. The owner of coffee chain, Dunkin’ Donuts, and ice cream shop, Baskin Robbins, intends to use the proceeds to pay off debt and for general corporate purposes.
JPMorgan, Barclays Capital, Morgan Stanley, BofA Merrill Lynch and Goldman Sachs will serve as underwriters for the deal. Canton, Massachusetts-based Dunkin’ Brands is owned by Bain Capital Partners, Carlyle Group and Thomas H Lee Partners.
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