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Fox heads toward IPO

Fox Factory Holding, a manufacturer of high-performance suspension products, has announced its plans to raise $120 million in an initial public offering.

The company, based in Scotts Valley, Calif., will offer 8.6 million shares at a price of $13-$15, according to NASDAQ.com. An IPO date has not been set.

In the powersports industry, Fox produces shocks for ATVs, side-by-sides, dirt bikes and snowmobiles.

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