Today marks the day that you — yes you — could be the proud owner of a portion of Dunkin’ Brands, the company behind the “donut” chain and Baskin-Robbins. And apparently a lot of people are happy to do exactly that: The Wall Street Journal says shares “surged” in their first day of trading on the Nasdaq. They started at $19 each, and ended the day at close to $28 each. Not too shabby! We imagine Dunkin’ executives are sitting in a Boston skyscraper, reading this post, thinking, Now whose gross, giant doughnut-chain is overvalued? [WSJ, Earlier]
He’s happy because he’s rich now.