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China Zenix Auto prices IPO at $6, low end of revised range

May 12, 2011
ZX

China Zenix Auto International, which is China's largest manufacturer of commercial vehicle wheels, raised $77 million on Wednesday by offering 12.9 million shares at $6, at the low end of the revised $6-$8 range. China Zenix Auto will begin trading Thursday on the NYSE under the symbol ZX. Morgan Stanley acted as lead manager on the deal.