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Gates files for IPO

gatesDenver, Colorado — Gates Industrial Corp. PLC has filed for an initial public offering that could bring in about $500 million, according to a market analyst.

The company’s Securities & Exchange Commission filing of 27 Dec showed plans to list on the New York Stock Exchange under the symbol GTES, and for current owner Blackstone Group LP to retain a majority of the voting power.

The filing does not include the total number of shares to be issued…

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