The company will announce the likely name change on June 11.
One company official says the name change will reflect how serious the company is about the quality of food and the menu.
IHOP hasn't yet said what the "B" will stand for yet.
Conchita Wurst ne ressemble plus du tout à ça (photos)
Le changement est assez impressionnant et cela donne un tout autre style à Conchita Wurst. Finis les cheveux bruns, Conchita a décidé de passer au blond platine.
Someone else chimed in, "100% worldwide house of barbecue, it is going to be BARBECUED pancakes".
Meanwhile, the response on social media to IHOP changing its widely-recognized name has ranged from humour to anger and everything in between. People started to wonder if the b stood for breakfast, brunch or bacon, which would make sense.
The International House of Pancakes (IHOP) is getting ready for a new name.
The breakfast joint has seen its stock rise 25 percent this year, showing no immediate need for Dine Brands to reinvent the restaurant.
IHOP will soon become IHOb?