Breast implants IPO drops out: GC Aesthetics withdraws $75 million offering

GC Aesthetics, a provider of silicone breast implants in Latin America and EMEA, withdrew its plans for an initial public offering on Wednesday. The company had postponed its IPO in early August 2015 after setting terms to raise $75 million.

The Dublin, Ireland-based company, which initially filed confidentially on May 15, 2015, booked $55 million in sales for the 12 months ended March 31, 2015. BofA Merrill Lynch, Deutsche Bank and Cowen & Company were set to be the joint bookrunners for the IPO.