Smile Brands Group Inc., a Santa Ana, Calif.-based provider of support services to dental groups in the U.S., has set its IPO terms to 7.35 million common shares being offered at between $16 and $18 per share. The company would have an initial market cap of approximately $350 million, were it to price at the high end of its range.
Smile Brands plans to trade on the NYSE under ticker symbol GRIN, with Credit Suisse and Jefferies & Co. serving as co-lead underwriters.
The company reports around $456 million in revenue for 2009, compared to $445 million in 2008.
Private equity firm Freeman Spogli & Co. holds a 77.3% pre-IPO ownership position. Other shareholders include CalSTRS (9.8%), Gryphon Investors (6.5%) and ASF Co-Investment Partners (6.5%).