hGears IPO covered on day one
![hGears_alamy_575_375](https://assets.euromoneydigital.com/dims4/default/5619ef3/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F2f%2F57%2F11132f561eee118e10838335ca3c%2Fhgears-alamy-575-375.jpg)
The IPO of hGears, the German maker of high-precision gears for e-mobility, was covered on Monday, less than a day into book building, according to a source close to the deal.
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