S&P 500
7,379.40
-0.15%
Dow Jones
52,090.60
-0.19%
Nasdaq 100
29,298.40
-0.83%
Russell 2000
3,010.61
-0.17%
FTSE 100
10,523.40
-0.20%
Nikkei 225
69,874.10
-1.97%
Live Nasdaq Composite: OpenAI IPO Delay Fears Send Markets Out on Sour Note

Retail

Dunkin’ Donuts Bumps Size, Price of Secondary Offering (DNKN)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Dunkin’ Brands Group Inc. (NASDAQ: DNKN) announced this morning that it would increase both the number of shares offered and the share price on a secondary offering by “certain of its shareholders.” The initial announcement of a secondary offering came last November, when the company said it would sell 22 million shares at $25.62/share.

Today’s announcement boosted the offering to 26.4 million shares at a price of $29.50/share. The underwriters have a 30-day over-allotment option on 3.96 million additional shares.

All proceeds from the sale will go to the selling shareholders.

Dunkin’ shares closed at $30.06 yesterday in a 52-week range of $23.24-$32.44. Shares are down about -0.8% in the pre-market this morning at $29.82.

DISCLOSURE:
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org). There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options  Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement This should not be considered a recommendation to participate in IPOs and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation. New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For more information on the allocation process please visit IPO Allocation.
Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

The Average Retiree Pays $2,100+ a Year for Medicare. The Smart 5% Pay Far Less. Here's the Move.
Drew Wood |

The Average Retiree Pays $2,100+ a Year for Medicare. The Smart 5% Pay Far Less. Here's the Move.
A 22% Benefit Cut? Why Social Security's Future Is Back in the Spotlight
Maurie Backman |

A 22% Benefit Cut? Why Social Security's Future Is Back in the Spotlight

Continue Reading

Paul Ausick |

Why Investors Are Welcoming the 58.com Secondary Offering

58.com sold 6 million American Depositary Shares Friday morning at a price of $38.00 apiece. The company sold 2 million…

Is the Beyond Meat Huge Analyst Upgrade Conflicted?
Jon C. Ogg |

Is the Beyond Meat Huge Analyst Upgrade Conflicted?

JPMorgan has reversed its prior call on Beyond Meat. This move could be interpreted in at least a couple of…

The Ups and Downs of Nio’s $1.5 Billion Secondary Offering
Paul Ausick |

The Ups and Downs of Nio’s $1.5 Billion Secondary Offering

Shanghai-based priced an upsized secondary offering of 88.5 million shares at $17, about 8% below last Friday's closing price. But…

Paul Ausick |

Prices Rising for Starbucks Coffee

courtesy of StarbucksIn March Starbucks Corp. (NASDAQ: SBUX) CEO Howard Schultz said that the company had no plans to raise…

Chris Lange |

El Pollo Loco Huge Discount Secondary Creates Ugly Technical Event

Unfortunately for El Pollo Loco shareholders, the decline in the stock has been bad enough that it has created a…

Paul Ausick |

Splunk, Shareholders Stiffed Again

Big data firm Splunk Inc. (NASDAQ: SPLK) had one of the most successful IPOs of this year, if you measure…

Jon C. Ogg |

A Lucky Escape For Dunkin’ Holders From Secondary Offering (DNKN)

Usually when you get a filing for a large secondary offering of stock into an IPO lock-up period it tends…

Jon C. Ogg |

Secondary Offerings Keep Coming (KALU, SOMX, MEE, VSAT)

The secondaries are coming! The secondaries are coming!  Actually, that should be that the secondary offering wave is still coming…

Chris Lange |

Could GoPro’s Secondary Be as Hot as Its IPO?

A new filing indicates that Gopro's secondary offering will be 11.914 million shares, which would be valued at close to…

Top Gaining Stocks

Moderna
MRNA • Vol: 3,068,159
ServiceNow
NOW • Vol: 7,023,635
FactSet Research Systems
FDS • Vol: 149,252
Incyte
INCY • Vol: 810,247
Eli Lilly
LLY • Vol: 1,416,568

Top Losing Stocks

ON Semiconductor
ON • Vol: 12,555,743
Teradyne
TER • Vol: 1,058,852
Western Digital
WDC • Vol: 3,411,252
Coterra Energy
CTRA • Vol: 73,319,495
Monolithic Power Systems
MPWR • Vol: 304,084