Rexnord Holdings (RXN) Files $750M IPO
Rexnord Holdings (NYSE: RXN) filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $750 million. The company plans to list on the NYSE under the symbol "RXN".
Rexnord is a global multi-platform industrial company strategically positioned within the markets and industries it serves. Currently, Rexnord's business is comprised of two strategic platforms: (i) Power Transmission, which produces gears, couplings, industrial bearings, aerospace bearings and seals, flattop, special components and industrial chain and conveying equipment, and (ii) Water Management, which produces professional grade specification plumbing, water treatment and waste water control products.
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