Published: March 11, 2010
Sensata Technologies Celebrates IPO, First Day of Trading on NYSE
NEW YORK - (BUSINESS WIRE) - Sensata Technologies today opened for trading on the New York Stock
Exchange under the ticker symbol "ST" after its successful IPO in which
it raised $569 million in gross proceeds. Sensata
Technologies, based in Attleboro, Ma., is a leading global supplier of
sensors and controls across a broad range of markets and applications.
With a market capitalization of approximately $3.3 billion, Sensata
Technologies is the largest U.S. company to go public in 2010 to date,
and the largest U.S. IPO since major IPOs by Hyatt Hotels (NYSE: H),
Dollar General (NYSE: DG) and Cobalt International Energy (NYSE: CIE)
listed on the NYSE in late 2009.
"We are thrilled to have Sensata Technologies, a global leader in
technology, join our network of companies," said Scott Cutler, NYSE
Euronext EVP and Head of Listings, Americas. "As the largest US IPO
year-to-date, the successful IPO of Sensata Technologies is an important
milestone in the continuing improvement in the IPO market. We look
forward to providing the company with the superior liquidity, services,
brand visibility and advocacy outreach associated with listing on NYSE
Euronext markets."
To celebrate today's special occasion, Sensata Technologies Chairman and
Chief Executive Officer, Tom Wroe, joined by company executives and
employees from around the world, rang today's opening bell.
Sensata Technologies joins a string of U.S. technology-based companies
to go public on the NYSE recently, including BridgePoint Education
(NYSE: BPI), Digital-Globe (NYSE: DGI), K12 Inc. (NYSE: LRN), Netezza
Corporation (NYSE: NZ), Netsuite Inc. (NYSE: N), Rosetta Stone (NYSE:
RST) and SolarWinds (NYSE: SWI).
The next technology-based IPOs to have announced their intent to join
the NYSE include Calix Networks Inc., Fabrinet, Force 10 Networks, Inc.,
GlassHouse Technologies, Newegg Inc. and MaxLinear Inc.
2009 IPOs on NYSE Euronext markets:
--In 2009, NYSE Euronext remained the top ranked equity capital raiser
among major exchanges globally, with $22 billion raised by IPOs and well
over $200 billion by secondary offerings.
-- In 2009, NYSE Euronext attracted the largest IPO of the year, with Banco
Santander Brasil S.A. (NYSE: BSBR), raising $8 billion, as
well as the largest IPO in Western Europe in 2009, with Delta Lloyd
(NYSE Euronext: DL) raising more over €1 billion.
About Sensata Technologies (NYSE: ST)
Sensata Technologies N.V. is one of the world's leading suppliers of
sensing, electrical protection, control and power management solutions.
Sensata employs approximately 9,500 people in nine countries. Our
products improve safety, efficiency and comfort for millions of people
every day in automotive, appliance, aircraft, industrial, military,
heavy vehicle, heating, air-conditioning, data, telecommunications,
recreational vehicle and marine applications. For more information,
please visit our web site at www.sensata.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets
and provider of innovative trading technologies. The company's exchanges
in Europe and the United States trade equities, futures, options,
fixed-income and exchange-traded products. With more than 3,700 listed
operating companies, NYSE Euronext's equities markets - the New York
Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca -
represent one-third of the world's equities trading, the most liquidity
of any global exchange group. NYSE Euronext also operates NYSE Liffe,
one of the leading European derivatives businesses and the world's
second-largest derivatives business by value of trading. The company
offers comprehensive commercial technology, connectivity and market data
products and services through NYSE Technologies. NYSE Euronext is in the
S&P 500 index, and is the only exchange operator in the S&P 100 index
and Fortune 500. For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include,
but are not limited to, statements concerning NYSE Euronext's plans,
objectives, expectations and intentions and other statements that are
not historical or current facts. Forward-looking statements are based on
NYSE Euronext's current expectations and involve risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied in such forward-looking statements. Factors that
could cause NYSE Euronext's results to differ materially from current
expectations include, but are not limited to: NYSE Euronext's ability to
implement its strategic initiatives, economic, political and market
conditions and fluctuations, government and industry regulation,
interest rate risk and U.S. and global competition, and other factors
detailed in NYSE Euronext's reference document for 2008 ("document de
reference" ) filed with the French Autorite des Marches Financiers
(Registered on April 28, 2009 under No. R. 09-031), 2009 Annual Report
on Form 10-K and other periodic reports filed with the U.S. Securities
and Exchange Commission or the French Autorite des Marches Financiers.
In addition, these statements are based on a number of assumptions that
are subject to change. Accordingly, actual results may be materially
higher or lower than those projected. The inclusion of such projections
herein should not be regarded as a representation by NYSE Euronext that
the projections will prove to be correct. This press release speaks only
as of this date. NYSE Euronext disclaims any duty to update the
information herein.
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NYSE Euronext
Christiaan Brakman, 212-656-2094
cbrakman@nyse.com
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