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Knight Ridder/Tribune Business News
Feb. 6 -- It's been a good week for initial public offerings, and Fort Worth-based TPG Partners joined the activity yesterday when its Del Monte Foods Co. sold 16.7 million shares to raise $250 million.
Yesterday also saw the first day of trading for Delphi Automotive Systems Corp., a General Motors spinoff and the seventh-largest IPO in U.S. history. Delphi, the world's biggest auto parts maker, issued 100 million shares at $17 each to raise $1.7 billion.
They follow Perot Systems' spectacularly successful IPO on Tuesday, which as of yesterday was up 412 percent from its $16 issue price. It closed yesterday at $66, down 6 cents from Thursday, when it spiked as high as $85.75 before falling back.
Del Monte and Delphi couldn't match that.