IPO costs push GBC into red despite 10.7% sales increase

Aug 14, 2013 | 01:21 PM | Everdeen Mason

Tags  copper, global brass & copper holdings, earnings report, ipo, Robert Micchelli, John Wasz, John Wagner, everdeen mason

NEW YORK — Global Brass & Copper Holdings Inc. (GBC) posted a $17.1-million net loss for the second quarter due to costs associated with its initial public offering (IPO) in May.

The Schaumburg, Ill.-based copper and brass fabricator and distributor had sought to raise $172.5 million through its IPO to settle debts and fund future acquisitions (amm.com, July 8).....

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