Sensata Technologies, which develops, manufactures, and sells sensors and controls for mission critical applications, filed on Wednesday with the SEC to raise up to $500 million in an initial public offering. Sensata Technologies first began as General Plate Company in 1916 and has since undergone various mergers, including one with Texas Instruments in 1959. In April of 2006, Texas Instruments sold the business to Bain Capital and became a stand-alone entity. The Netherlands-based company, which booked $1.1 billion in sales over the last 12 months, plans to list on the NASDAQ with Morgan Stanley, Barclays Capital and Goldman Sachs acting as the lead underwriters on the deal. Pricing terms and timing for the upcoming IPO were not disclosed.
