Bain-Backed Sensata Files for $500 Million IPO

Sensata Technologies Inc., an Attleboro, Mass.-based sensors and controls company, has filed for a $500 million IPO. It plans to trade on the NYSE, with Morgan Stanley, Barclays Capital and Goldman Sachs serving as co-lead underwriters.

Sensata reports around $797 million in revenue for the nine months ending September 30, and a $41 million net income loss.

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