Bain-Backed Sensata Sets IPO Terms


Sensata Technologies Inc., an Attleboro, Mass.-based sensors and controls company, has set its IPO terms to 31.6 million common shares being offered at between $18 and $20 per share. It would have an initial market cap of approximately $3.42 billion, were it to price at the top of its offering range.

Sensata plans to trade on the NYSE under ticker symbol ST, with Morgan Stanley, Barclays Capital and Goldman Sachs serving as co-lead underwriters.

Sensata reports around $1.13 billion in net revenue for 2009, compared to $1.42 billion in 2008. Its net loss shrunk from $134 million in 2008 to $27 million in 2007.

Sensata is majority-owned by Bain Capital, based on a 2006 buyout from Texas Instruments. www.sensata.com

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.