WASHINGTON, June 28 (Reuters) - RBC Bearings Inc., maker of roller and ball bearings, on Tuesday set its planned initial public offering at 8.17 million shares for an estimated price of $14 to $16 per share.
The underwriters will have the option to buy an additional 1.2 million shares to cover over-allotments, according to an amended offering document filed with the U.S. Securities and Exchange Commission.
Merrill Lynch & Co., KeyBanc Capital Markets and Jefferies & Co. are underwriting the IPO.
Product Model | Inside Diameter | Outside Diameter | Thickness |
RASEY1-1/2 bearing | 38.1 | 181.5 | 100 |
RASEY1-7/16 bearing | 36.513 | 172 | 93.7 |