TROY, Mich. Shares of Delphi Automotive PLC began trading on the New York Stock Exchange (
NYSE) under the ticker symbol "DLPH" yesterday. The company's
IPO raised more than $530 million.
"Today is an important milestone for Delphi," said Rodney O'Neal, Delphi president and CEO. "The Delphi team has created a business with outstanding technology and industry leading performance. We are well positioned to expand both top and bottom line growth."
Delphi says it continues to drive technology leadership with more than 16,000 scientists, engineers, technicians and technical professionals dedicated to providing innovative product solutions for global customers.
"Our portfolio of safe, green and connected technologies is driving growth through enhancing the safety of drivers and their passengers, addressing regulatory matters that call for environmentally friendly solutions, as well as addressing customer needs for fuel efficiency and connectivity to their daily lives while in the vehicle," added O'Neal. "We continue to execute our plan to deliver a pipeline full of high-tech, market-relevant product offerings."