Nexteer Automotive launches Hong Kong IPO

The US-based auto parts company kicks off an offering of up to $325 million after another Hong Kong deal was pulled due to falling markets.

<div style="text-align: left;"> Nexteer is a specialist in electric power steering systems </div>

June 17, 2013

Nexteer Automotive, a Michigan-based steering and driveline supplier, has launched the management roadshow and institutional bookbuilding for its Hong Kong initial public offering, with the aim of raising between HK$1.83 billion and HK$2.52 billion ($236 million to $325 million).

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