Dunkin’ Donuts To Boost IPO To $600 Million

New York Post:

Dunkin’ Donuts is banking on a fat IPO — but investors may want to watch their appetite.

The coffee-and-doughnut chain will boost the size of its offering to $600 million — more than the $400 million it initially planned in May — when it sells shares to the public this week, sources told The Post.

A big part of Dunkin’s pitch to investors is that the chain will expand beyond its Northeastern base. Of the 6,772 Dunkin’ stores in the US, 55 percent are in New England and New York.

“We believe that our strategy of focusing on contiguous growth has the potential, over the next 15 to 20 years, to more than double our current US footprint and reach a total of 15,000 points of distribution in the US,” Dunkin’ said in its offering papers.

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