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Dunkin' Donuts Plans Premium IPO To Fuel Expansion

Canton, Mass.-based Dunkin' Donuts Group plans to offer shares at a premium to Starbucks Corp. as it accelerates a U.S. expansion. The company wants to raise $401 million in an IPO selling 22.3 million shares for $16 to $18 each, according to a regulatory filing. Dunkin' plans to more than double its U.S. locations in the next 20 years and may open more locations than Starbucks, the world's largest coffee-shop chain. Last year, its revenue increased faster than McDonald's Corp., where it competes with the McCafe line of coffees. Fewer than 2% of the company's stores are in the western U.S.

Read the whole story at Bloomberg »

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