Global Brass and Copper Holdings, a fabricator and distributor of copper and brass products used in housing, transportation, and coinage, announced terms for its IPO on Monday. The Schaumburg, IL-based company plans to raise $150 million by offering 9.4 million shares at a price range of $15 to $17. At the midpoint of the proposed range, Global Brass and Copper would command a fully diluted market value of $338 million.
Global Brass and Copper Holdings, which was founded in 2007 and booked $1.7 billion in sales for the 12 months ended 3/31/2013, plans to list on the NYSE under the symbol BRSS. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal.
