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Delphi Automotive prices IPO at $22, low end of the range

November 16, 2011

Delphi Automotive, a global auto supplier that was formerly General Motors' electronics parts subsidiary, priced its 24 million share IPO at $22, the low end of the $22-$24 range. All of the shares were sold by insiders, primarily hedge fund Paulson & Co. Delphi Automotive plans to list on the NYSE under the symbol DLPH. Goldman, Sachs and J.P. Morgan were the bookrunners on the deal.