Delphi Motors has announced that the IPO of this public offering is priced at $22 per share, which was previously expected to be at the low end of the $22 to $24 range. Delphi sold a total of 24,078,827 shares.
The shares sold this time all come from equity owners of Delphi Motors. After the shares are sold, the ownership of these owners will be changed immediately. This public offering will raise about 530 million U.S. dollars.
The shares of Delphi Motors Corporation were first traded on the American Stock Exchange this Thursday under the symbol DLPH. The underwriter responsible for the Delphi public offering can purchase Delphi’s stock within 30 days, with a limit of 3,611,824.
The investors who are in charge of listing the IPO of Delphi Motors include: Goldman Sachs Group, Morgan Securities Co., Ltd., Bank of America Merrill Lynch, Barclays Capital, Citigroup Global Markets, Deutsche Bank Securities, and Morgan Stanley.
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