A cup of coffee and strawberry frosted donut with sprinkles are arranged for a photograph at a Dunkin’ Donuts Inc. location in Los Angeles, California, U.S.
Patrick T. Fallon | Bloomberg | Getty Images
Dunkin’ and Buffalo Wild Wings owner Inspire Brands has confidentially filed for an initial public offering, the company announced on Friday.
If Inspire goes public, it will be one of the biggest-ever restaurant offerings. Roark is reportedly seeking a valuation of roughly $20 billion.
Inspire was founded in 2018 through a merger between Arby’s and Buffalo Wild Wings, backed by private equity firm Roark Capital. Then came more acquisitions: Sonic Drive-In and Jimmy John’s. And in 2020, Inspire took Dunkin’ and its sister chain Baskin Robbins private in an $11 billion deal.
Across those six chains, Inspire has more than 33,300 restaurants worldwide and $33.4 billion in annual system-wide sales, according to the company’s website.
Inspire isn’t the only restaurant company pursuing an IPO. Last month, Jersey Mike’s also announced that it confidentially filed with the Securities and Exchange Commission.
The market for initial public offerings has been tepid, although that could change later this year. Market volatility, economic uncertainty and recent poor performance among IPO stocks has led to a backlog of listings.
However, several blockbuster IPOs, such as the SpaceX offering that could value the company at more than $1 trillion, are anticipated in the coming months.
Source: https://www.cnbc.com/2026/05/08/dunkin-owner-inspire-brands-confidentially-files-for-ipo.html
