Market Currents
Industrial parts maker Rexnord plans to sell 23.6M shares within a price range of $18-$20 in its...
-
Tuesday, March 20, 2012, 10:37 AM ETIndustrial parts maker Rexnord plans to sell 23.6M shares within a price range of $18-$20 in its upcoming IPO. This translates into a valuation range of $1.63B-$1.81B. According to its S-1, Rexnord posted revenue of $1.42B (+15% Y/Y) in the 9 months ending Dec. 31, and net income of $21.3M. Apollo Global (APO), which bought Rexnord for $1.825B in 2006, will own 69.1% of the company post-IPO.
Other date
Latest Articles
