First Jersey Firm Lists On NYSE
Friday, February 10, 2012
Delphi Automotive PLC has become the first Jersey company to have its shares directly
listed on the New York Shock Exchange (NYSE), having been advised on its initial public
offering by Channel Islands law firm Carey Olsen.
Shares in Delphi began trading on the NYSE on November 17, 2011 and the IPO,
which was entirely a secondary offering by existing shareholders, raised USD530m.
Delphi is a leading global vehicle components manufacturer and provides electrical
and electronic, powertrain, safety and thermal technology solutions to the global
automotive and commercial vehicle markets.
Carey Olsen Group partner, Alan Stevens, led the team that advised Delphi.
He said: “Jersey has an excellent reputation for companies looking to incorporate
listing vehicles and this landmark listing reinforces the island’s position
as a leading jurisdiction.”
“We are delighted that Carey Olsen was selected to advise on this landmark
deal. We continue to see significant listing activity across a variety of other
markets, including the Hong Kong Stock Exchange, the Channel Islands Stock Exchange
and Euronext. At the same time, Jersey companies continue to be a popular choice
for clients looking to list on the London Stock Exchange and AIM.”