Renk cancels Frankfurt IPO

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Renk cancels Frankfurt IPO

Augsburg, Germany. 08th May, 2023. Robert Wagner inspects a gearwheel at the Renk company. At its Augsburg site, Renk employs around 1,600 people and produces and maintains gearboxes primarily for military use. Credit: Stefan Puchner/dpa/Alamy Live News

The company had guided investors to the bottom of the initial price range

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