Home > News > MANUFACTURERS NEWS

Schaeffler pushes back stock market float

Author : Lee Pearson From : Bearingnet Release times : 2017.09.30 Views : 1270

FRANKFURT (Reuters) – German ball bearings and car parts maker Schaeffler said it was sticking with plans for an initial public offering (IPO) but would not announce a price range until Monday, pushing back the stock market flotation.

“After a series of comprehensive meetings with investors over the past days, the company plans to announce the price range, the timetable and further information on the transaction on Monday,” Schaeffler said in a short statement on Friday, providing no further details.

Order books for Schaeffler shares had been due to close on Friday, with the first day of trading scheduled for Monday.

But three people familiar with the deal told Reuters on Thursday Schaeffler would push back its flotation and could scale down the IPO as investors fret about Volkswagen’s emissions scandal and markets remain volatile.

Original story at Business Insider

Disclaimers statement: All news (Except for TBB news) are collected from internet,and all copyright reserved by original authors.If they relate to your copyright,please contact us and we will delete in time,thanks.

igus launches modular trade show stand in North America

Bearingtips 2019.04.16
Reali-Slim TT Turntable Bearings

Bearingtips 2019.04.16
What are angular contact ball bearings?

Bearingtips 2019.04.16
Emerson Bearing Boston rolls out extra precision bearings

Bearingtips 2019.04.16
NKE: Application analysis for lubrication of rolling bearings

Bearingtips 2017.10.09

Schaeffler pushes back stock market float

Schaeffler pushes back stock market float

igus launches modular trade show stand in North America

Reali-Slim TT Turntable Bearings

What are angular contact ball bearings?

Emerson Bearing Boston rolls out extra precision bearings

NKE: Application analysis for lubrication of rolling bearings

Release Your Inquiry for FREE !