Luzhou Bearing (SHE:301699) priced its initial public offering of 124 million shares at 15.88 yuan apiece to raise 1.97 billion yuan.
Online and offline subscriptions will be on Aug. 26, according to a Tuesday filing on the Shenzhen bourse.
Proceeds will fund high-speed train bogie bearings, new energy vehicle bearings and precision bearing industrial upgrades.
China Securities serves as lead underwriter.
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