By  on December 13, 2007

Global Brands Acquisition Corp. said it completed its initial public offering, selling 28.8 million units at $10 each, generating $287.5 million, the company said Wednesday.

Each unit consists of one share of common stock and one warrant. The offering was led by Citigroup. Ladenburg Thalmann & Co. Inc. and I-Bankers Securities Inc. acted as co-managers.

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