NEW YORK Global Brass
& Copper Holdings Inc.s (GBCs) initial public
offering (IPO) is likely to take place this week, according to
a company presentation.
The offering is expected to
price the week of May 20 and include nearly 9.4 million shares,
the Schaumburg, Ill.-based company said in the
The shares, which are expected
to be listed under the ticker BRSS on the New York Stock
Exchange, are expected to be priced between $15 and $17 apiece,
the company said.
GBC first announced plans for an
IPO in late 2011 (
amm.com, Oct. 31, 2011), but it chose to hold off
at that time. The company then filed an amended IPO prospectus
with the U.S. Securities and Exchange Commission (SEC) last
month, noting it might pursue acquisition opportunities
following the IPO (
amm.com, April 24).
The April filing estimated the
size of the offering at around $172.5 million, although the
presentation online lists the size as $150 million.
GBC, which operates 11 manufacturing facilities and
distribution centers in North America, owns copper product
producers Olin Brass Corp. and Chase Brass & Copper Co.
LLC, as well as distributor A.J. Oster Group.