Gates Industrial (GTES) IPO Opens Flat
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Gates Industrial Corporation plc Announces Pricing of Initial Public Offering
January 24, 2018 6:22 PM ESTDENVER, Jan. 24, 2018 /PRNewswire/ -- Gates Industrial Corporation plc ("Gates" or "the Company") (NYSE: GTES), a global manufacturer of products used in many sectors of the industrial and consumer markets, announced today the pricing of its initial public offering of 38,500,000 of its ordinary shares at a price to the public of $19.00 per share. Gates has granted the underwriters a 30-day option to purchase up to an additional 5,775,000 ordinary shares. The ordinary shares are expected to begin trading on the New York Stock Exchange on January 25, 2018 under the symbol "GTES." The offering is... More
