Inspire Brands files for a massive IPO that could reshape the restaurant investment landscape

A $20 billion target makes investors brace

Inspire Brands, the owner of Dunkin and Buffalo Wild Wings with over 33,300 restaurants worldwide, has confidentially filed for an initial public offering. If the deal reaches the rumored $20 billion scale, it could become one of the largest restaurant listings in history. The filing signals renewed momentum for big restaurant groups seeking public-market capital.