Credit: Shutterstock photoRexnord, which manufactures gears, couplings, bearings and water management products, raised $426 million by offering 23.7 million shares at $18, the low end of the $18-$20 range. Rexnord plans to list on the NYSE under the symbol RXN. BofA Merrill Lynch, Goldman, Sachs & Co., Credit Suisse, Deutsche Bank and Barclays were the lead underwriters on the deal.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
