Smile Brands Group is planning on selling 7.35 million shares in its IPO on the NYSE under the symbol GRIN with an expected price range of between $16 and $18 per share. The company plans to use its estimated $112.5 million of net proceeds to redeem its Series A preferred stock and repay a portion of its term loan facility. Smile Brands is owned by Freeman Spogli & Company (73.3%), California State Teachers' Retirement System (9.8%) and Gryphon Investors (6.5%).
