Smile Brands Group, which operates as Bright Now Dental, is preparing to file an initial public offering (IPO) with the U.S. Securities and Exchange Commission and hopes to raise about $125 million, according to an Associated Press (AP) story.
The company is looking to sell about 7.4 million shares for $16 to $18 each and will trade on the New York Stock Exchange under the symbol GRIN.
Smile Brands provides business support services, personnel, facilities, and equipment to dental groups in the U.S. The company earned $36.6 million in 2009, compared to a loss of $20.1 million in 2008, according to the AP story.
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