Dunkin’ Shareholders Like their Coffee

(Reuters) – Dunkin’ Brands Group Inc, known for its Dunkin’ Donuts doughnuts and coffee and Baskin Robbins ice cream brands, filed with U.S. regulators to raise up to $400 million in an initial public offering.

No shares are being offered by existing shareholders, Dunkin’ Brands said.

The company, which has private equity firms Bain Capital, Carlyle Group, and Thomas H. Lee Partners as its stakeholders, said it plans to list on the Nasdaq Global Select Market under the symbol “DNKN.”

The filing did not reveal how many shares the company planned to sell or their expected price.

Dunkin’ Brands, with over 16,000 points of distribution in 57 countries, earned $26.9 million on revenue of $577.1 million in its fiscal year ended Dec. 25.

The offering is being made through an underwriting group led by J.P. Morgan Securities, Barclays Capital and Morgan Stanley & Co Inc.

BofA Merrill Lynch and Goldman Sachs & Co are also acting as joint book-running managers of the offering.

Reuters previously reported that the company picked Barclays, JPMorgan and Morgan Stanley as active bookrunners, and Bank of America and Goldman Sachs as passive bookrunners on its planned IPO.

In February, Indian fast-food operator Jubilant Foodworks Ltd announced that it would partner with Dunkin’ Donuts to bring its brand to India.

(Reporting by Helen Chernikoff in New York and Brenton Cordeiro in Bangalore, editing by Gerald E. McCormick, Maju Samuel)