Dunkin’ owner files for IPO

Inspire Brands, owner of restaurant chains such as Dunkin’, Arby’s and Buffalo Wild Wings, has filed for an initial public offering of its stock. It’s the latest in a series of industry financial moves as operators respond to consumer spending pullbacks and shifts in dining traffic.

Atlanta-based Inspire Brands has “confidentially submitted a draft registration statement” with the U.S. Securities and Exchange Commission, a company statement said. Inspire plans to use net proceeds from the offering to repay outstanding debt under its existing term loan facility, and also pay fees and expenses related to the offering itself.

The company said timing, number of shares to be offered and pricing have not been determined. Inspire’s principal owner, private equity firm Roark Capital Group, is seeking to raise about $2 billion with the IPO, according to sources cited by Bloomberg.

Through a series of acquisitions, Inspire also owns brands including Baskin-Robbins, Sonic Drive-In and sandwich chain Jimmy John’s. U.S. IPO activity has remained sparse for the past several months, though companies announcing planned offerings have included the growing sandwich chain Jersey Mike’s.

Several U.S. restaurant operators have undergone store closings, ownership changes and other financial restructurings during the past two years, though others continue to plan expansions. U.S. spending at food and drinking places reached $100.2 billion in March, up 0.1% from February with flat growth for much of 2026, according to the latest Commerce Department data.