Dunkin' owner Inspire Brands confidentially files for IPO
CNBC • • business
Key Points:
- Inspire Brands, owner of Dunkin' and Buffalo Wild Wings, has confidentially filed for an initial public offering (IPO), potentially making it one of the largest restaurant IPOs ever.
- The company, backed by private equity firm Roark Capital, is reportedly seeking a valuation of around $20 billion.
- Founded in 2018 through a merger of Arby's and Buffalo Wild Wings, Inspire expanded by acquiring Sonic Drive-In, Jimmy John's, and taking Dunkin' and Baskin Robbins private in an $11 billion deal.
- Inspire operates over 33,300 restaurants worldwide, generating $33.4 billion in annual sales.
- The IPO market for restaurant companies has been sluggish due to market volatility and economic uncertainty, though this may improve later in the year; Jersey Mike's also recently filed confidentially for an IPO.
