Chinese sliding bearings maker ZOB raises $55m in ChiNext IPO

Chinese sliding bearings maker ZOB raises $55m in ChiNext IPO

FILE PHOTO: An employee works on an assembly line producing electronic cars at a factory of Beijing Electric Vehicle, funded by BAIC Group, in Beijing, China, January 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Chinese sliding bearings manufacturer Zhejiang SF Oilless Bearing (ZOB) has garnered 387 million yuan ($55 million) in an initial public offering (IPO) on the ChiNext board of the Shenzhen Stock Exchange on Tuesday (February 18).