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Micron Machinery Plans IPO
The shares will be listed on
The company's IPO price will be announced June 16, and all shares will be sold through a method called book-building, in which the company's bankers gauge demand by accepting orders at fixed prices.
The company said it plans to spend about a third of IPO profits on new equipment and set aside the balance as working capital.
In the fiscal year ending Nov. 30, Micron forecasts a net profit of $3.16 million on sales of $44.5 million.
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