NEW YORK - Dunkin' Donuts made "Munchkins" something to eat rather than characters on The Wizard of Oz. It created Fred the Baker and coined the "Time to Make the Donuts" catchphrase. President Obama worked at its sister company, Baskin-Robbins, when he was a teenager.
And the latest move for the company? It's going public, so it will be not just a place to get coffee but also a ticker on the Nasdaq - DNKN, if all goes as planned.
Dunkin' Brands Group Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, on Wednesday filed regulatory papers saying it plans to raise as much as $400 million by selling shares to the public, using most of the money to pay off about $475 million in high-interest debt owed to banks.