Posted AT 7:00 PM EST on 12/10/07
Mecachrome IPO to be year's second-largest
A Montreal-based maker of precision aerospace and automotive parts – including Formula 1 racing engines –is poised to close what appears to be the second largest initial public stock offering by a Canadian company this year.
The offering by Mecachrome International Inc., worth up to $236.8-million, would be second only to that of Lululemon Athletica Inc., although about 20 per cent of the proceeds will go to its founding family.
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