IPO costs push GBC into red despite 10.7% sales increase
Aug 14, 2013 | 01:21 PM
| 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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