Two years after emerging from bankruptcy court, auto parts supplier Delphi Automotive set the terms Monday of an initial public offering to raise more than $550 million.
Delphi stock is priced to begin trading between $22 and $24 a share, according to a company filing with the SEC on Monday. The price range would value the company as high as $7.55 billion, according to Reuters, which notes that Delphi’s stock is expected to start trading the week of November 14.
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