Roark Said to Weigh IPO of Dunkin’ Owner Inspire Brands (1)

Roark Capital is in the early stages of weighing an initial public offering of Inspire Brands, the owner of fast-food chains Dunkin’, Arby’s and Jimmy John’s, people with knowledge of the matter said.

The private equity firm has held preliminary discussions with potential advisers about a listing of Inspire in late 2024 or 2025, depending on market conditions, according to the people. Inspire could be valued at roughly $20 billion in any listing, they said, asking not to be identified discussing confidential information.

Deliberations are ongoing and no final decisions on whether to pursue an IPO, or the size ...