Delphi Automotive plans to raise $550M in its IPO, down from an initial goal of over $1B,...

|By:, SA News Editor

Delphi Automotive plans to raise $550M in its IPO, down from an initial goal of over $1B, Bloomberg reports. GM's (GM) former parts unit will set terms today and start pitching to investors next week with the aim of pricing the float on Nov. 16. Trading under the "DLPH" ticker would start a day later.