China Electric Motor, which produces micro-motor products for household appliances, vehicles and other consumer devices, raised the proposed deal size for its IPO on Monday. The Shenzhen-based company now plans to raise $26 million by offering 4.3 million shares at a price range of $5.50-$6.50. The company had previously filed to offer 2.3 million shares at a range of $6-$7. At the mid-point of the revised range, China Electric Motor will raise 71% greater proceeds than previously anticipated. The company also replaced Rodman & Renshaw with Roth Capital as the lead underwriter on the deal.
