CANTON, Mass. (CBS/AP) — The parent company of Dunkin’ Donuts and Baskin-Robbins says it plans to go public, confirming weeks of Wall Street speculation.
Dunkin’ Brands Group Inc. didn’t say how many shares it will offer or when the offering will take place.READ MORE: Wachusett Mountain Opens For 2021-2022 Ski Season
WBZ NewsRadio 1030’s Anthony Silva reports
The regulatory filing proposes an estimated maximum IPO value of $400 million.
But the Massachusetts-based company did say in a regulatory filing that it believes it sees “significant opportunity” to expand in foreign markets and outside the Northeast U.S., where it is concentrated.READ MORE: 'Tis The Season For Holiday Scammers, Such As Utility Calls
It also says it lost $1.7 million in the first quarter of 2011, a big difference from $5.9 million in net income the year before.
Analyst Conrad Lyon of B.Riley & Co. expects the IPO to do well, given what he calls the company’s strong brand, retail presence and consumer package line.
The company would trade on the Nasdaq Global Select Market under the ticker “DNKN.”MORE NEWS: Local Businesses Celebrate Small Business Saturday With Special Promotions, Discounts
WBZ NewsRadio 1030’s Anthony Silva contributed to this report
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