GC Aesthetics IPO: Everything You Need to Know

NASDAQGC Aesthetics plc (NASDAQ:GCAA) has submitted an F-1 filling to the Securities and Exchange Commission (SEC) on June 24, 2015, for its initial public offering (IPO). The shares are expected to hit the market this week. Here’s what investors need to know about the upcoming GC Aesthetics IPO. (Source: SEC, last accessed August 5, 2015.)

Who is GC Aesthetics?

GC Aesthetics is a Dublin-based cosmetic and aesthetics product company. GC Aesthetics was founded in 1979 and currently has 420 employees. The company has been the center of attention of women, particularly in Europe and the Middle East.

What is GC Aesthetics’ Business Model?

The company’s focus has been on women’s beauty. They sell products through two brands: “Nagôr” and “Eurosilicone.” Along with breast implants, GC also sells bodysculpting treatments and dermal fillers.

“We have generated significant growth by focusing on the development, manufacturing and commercialization of one of the broadest ranges of implant products, principally silicone breast implants,” the company wrote in its SEC filing.

Currently, GC Aesthetics offers its products in Europe, the Middle East and Africa (EMEA), Latin America, and Asia-Pacific. Meanwhile, the company intends to obtain the regulations from the health officials in North America.

Eventually, the company intends to promote its products as a trusted and safe brand for both surgeons and women and expand its market share in the growing aesthetic products industry.

What is GC Aesthetics’ Revenue?

The company’s revenue rose more than 17% from $45.0 million in 2013 to $53.0 million in 2014. Notably, the company experienced more than a 30% increase in sales in three months ended March 31 of 2015 compared to the same period last year.

What is GC Aesthetics’ IPO Price?

More than five million shares are set to be issued. The prices are expected to range from $13.00 to $15.00 and the company plans to raise roughly $75.0 million through its major underwriters Bank of Merrill Lynch, Deutsche Bank, and Cowen & Company.

What is GC Aesthetics’ Stock Symbol?

The company applied to be listed on the NASDAQ under the ticker symbol “GCAA.”

How Will GC Aesthetics Use the Money?

The company plans to use the proceeds it receives from its IPO to allocate some funds to Research and Development (R&D), expand its manufacturing. Remaining proceeds will be distributed to working capital, debt service, and other general corporate purposes.