Stock soars immediately as investors buy in
Dunkin’ Brands Inc. sold 22.25 million shares for $19 each in its initial public offering Wednesday, garnering about $423 million. The parent company to Dunkin’ Donuts and Baskin-Robbins originally set the IPO price range between $16 and $18 per share. When the stock began trading on NASDAQ today, it opened at $24.97, and it had risen as high as $29 during afternoon trading. From the previous day’s close, or the $19 IPO price, the stock has jumped as much as 50 percent. The ...
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