Aeroflex Holding plans to raise $500 million in IPO; would be second-biggest this year
By APWednesday, April 7, 2010
Aeroflex Holding plans to raise $500M in IPO
NEW YORK — Aeroflex Holding, a maker of electronic equipment used in wireless communications, plans to raise up to $500 million in an initial public offering.
The Plainview, N.Y., company’s IPO would be the second-biggest this year after Sensata Technologies went public last month, raising about $569 million.
Aeroflex plans to trade on the New York Stock Exchange under the symbol “ARX.” It was a public company for 46 years before private equity firms acquired it in 2007.
The company did not say in a regulatory filing Tuesday night when it planned to go public, how many shares it planned to issue or for how much it hoped to sell them.
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