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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!