Tags: US | Sensata | Technologies | IPO | Mover

Sensata Shares Rise After Debut Raises $568.8 Million

Thursday, 11 Mar 2010 10:18 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Shares of Sensata Technologies, which raised $568.8 million in the biggest IPO this year, are rising in their trading debut.

Sensata Technologies Holding NV, based in the Netherlands, priced 31.6 million shares at $18 apiece. It's the second company this week to sell shares to initial investors within its hoped-for range. That's happened in only about 38 percent of this year's IPOs.

Sensata makes sensors and controls, with more than half of its revenue coming from the auto industry. It is a former subsidiary of chip maker Texas Instruments Inc. and is now backed by private equity firm Bain Capital.

The shares, trading under the symbol "ST," are up 27 cents, or 1.5 percent, to $18.27 in morning trading.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Shameful Houston Mayor Wants to Censor Sermons

Friday, 17 Oct 2014 11:02 AM

Houston has greatly overreached in subpoenaing the pastors of the city for copies of their sermons and their communicati . . .

Children Face Onslaught of Pornography

Tuesday, 14 Oct 2014 10:07 AM

I've always felt as if I've known renowned Christian apologist Josh McDowell through his many excellent books, but I fin . . .

Harvard Students Blame US for Unstable Mideast

Friday, 10 Oct 2014 09:27 AM

America is not imperialistic. It is the most benevolent world power that has ever existed, and these Harvard students an . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved