Dunkin’ Brands Group has raised $422.8 million through an initial public offering (IPO), Bloomberg reports. The Dunkin’ Donuts coffee shops operator sold a total of 22.3 million shares at $19 per unit.
The Massachusetts-based company will use the proceeds to repay debt accumulated under the ownership of private equity firms Bain Capital, Carlyle Group and Thomas H Lee Partners. Joint bookrunners for the offering were JPMorgan Chase, Barclays, Morgan Stanley, Bank of America and Goldman Sachs.
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