Want to own a munchkin's share of Dunkin'? Parent company files for IPO
WCVB • • business
Key Points:
- Inspire Brands, the parent company of Dunkin' and other major national brands, has announced plans to go public through an initial public offering (IPO).
- Founded in 2018 and headquartered in Atlanta, Inspire Brands acquired Dunkin' Brands in 2020 for $11.3 billion; Dunkin' was previously publicly traded.
- The company's portfolio also includes Sonic, Arby's, Buffalo Wild Wings, Jimmy John's, and Baskin-Robbins.
- Inspire Brands filed a confidential draft registration statement with the Securities and Exchange Commission (SEC) and intends to use IPO proceeds to repay debt and cover public offering costs.
- The IPO will require SEC approval before proceeding.
