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UPDATE 1-Sensata files for $500 million IPO

Wed Nov 25, 2009 10:18am EST

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NEW YORK, Nov 25 (Reuters) - Sensata Technologies, a Dutch company owned by private equity firm Bain Capital, filed for an initial public offering of up to $500 million on Wednesday.

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Sensata hopes to list on either the New York Stock Exchange or Nasdaq, according to a regulatory filing.

Sensata, which makes a range of sensors and other industrial technology, was acquired by Bain from Texas Instruments Inc (TXN.N) in 2006.

The proceeds from the IPO would be used to pay debt and for general corporate purposes.

The underwriters are Morgan Stanley (MS.N), Barclays Capital, Goldman Sachs (GS.N), BoFA Merrill Lynch, JPMorgan (JPM.N), Citi (C.N) and Credit Suisse (CSGN.VX). (Reporting by Anupreeta Das, editing by Gerald E. McCormick) ((anupreeta.das@thomsonreuters.com; +1 646-223-6224)) ((Click here to see Reuters MediaFile blog))

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