Delphi Automotive is issuing about $1 billion shares in an initial public offering, New York Post reports. The auto parts supplier is hashing out the size of the stock offering and may file for an IPO in the next few weeks. JP Morgan Chase, which is arranging a $2.4 billion credit facility for Delphi, is expected to underwrite the IPO. The company will use the loan proceeds to buy back an equity stake from former parent, General Motors.
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