Rexnord Corporation, which designs, manufactures, and markets power transmission and water management products, filed on Thursday with the SEC to raise up to $700 million in an initial public offering. Rexnord previously filed to go public in July of 2008; however, it withdrew the offering in October of 2009. The Milwaukee, WI-based company, which was founded in 2002 and booked $1.7 billion in sales for the 12 months ended March 31, 2011, plans to list on the NYSE under the symbol RXN. No pricing terms were disclosed.
