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Dunkin' Brands Looks to Raise $460M in Initial Offering

PRNewsFoto/Dunkin' Donuts(WASHINGTON) -- Dunkin' Brands Group Inc., the company that owns the Dunkin’ Donuts coffee and doughnut chain, is filing an initial public offering to raise as much as $460.6 million, 15 percent more than the company had once planned.

“They have really shown some strong improvement when you take a look at their operation,” said Bloomberg’s Sheila Dharmarajan. “Sales have been up...They have been showing profits.”

According to a filing with the U.S. Securities and Exchange Commission, the company is offering 22.3 million shares for $16 to $18 each.

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