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The breast IPO of 2015: GC Aesthetics sets terms for $75 million IPO

July 27, 2015

GC Aesthetics, a provider of silicone breast implants in Latin America and EMEA, announced terms for its IPO on Monday.

The Dublin, Ireland-based company plans to raise $75 million by offering 5.4 million shares at a price range of $13 to $15. At the midpoint of the proposed range, it would command a fully diluted market value of $260 million.

GC Aesthetics, which was founded in 1979 and booked $55 million in sales for the 12 months ended March 31, 2015, plans to list on the Nasdaq under the symbol GCAA. BofA Merrill Lynch, Deutsche Bank and Cowen & Company are the joint bookrunners on the deal. It is expected to price during the week of August 3, 2015.