TROY, Mich. Delphi has announced the pricing of its initial public offering of 24,078,827 shares at $22 per share. All of the shares will be sold by Delphi's existing equity owners, whose membership interests in Delphi Automotive LLP will be exchanged for shares of Delphi Automotive PLC immediately prior to the completion of the offering.
Total proceeds to the selling shareholders in the offering will be approximately $530 million (excluding the underwriters' option to purchase additional shares). The shares will begin trading on The New York Stock Exchange today under the ticker symbol "DLPH." The underwriters have a 30-day option to purchase from certain of the selling shareholders up to an additional 3,611,824 shares.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and Morgan Stanley & Co. LLC are acting as joint bookrunners for the offering.
The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from:
Goldman, Sachs & Co.
Attention: Prospectus Department
200 West Street
New York, NY 10282
Tel: (866) 471-2526
Email:
prospectus-ny@ny.email.gs.com
OR
J.P. Morgan Securities LLC
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Tel: (866) 803-9204