Mar 10 2010
Sensata Technologies Holding N.V has announced the pricing of the initial public offering of 31,600,000 ordinary shares at a price to the public of $18.00 per share.
The shares will begin trading on the New York Stock Exchange on March 11, 2010 under the ticker symbol "ST." Sensata Technologies is offering 26,315,789 ordinary shares and selling shareholders are offering 5,284,211 ordinary shares. The underwriters have a 30-day option to purchase up to an additional 4,740,000 ordinary shares from the selling shareholders at the initial public offering price.
Morgan Stanley, Barclays Capital, Goldman, Sachs & Co., BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers for the offering. Citi, Credit Suisse, BMO Capital Markets, Oppenheimer & Co. and RBC Capital Markets are acting as co-managers.