Delphi Sounding Out Banks To Go Public

Upon emerging from a four year bankruptcy in October, U.S. auto parts maker Delphi, formerly a unit of General Motors, has begun sounding out banks for a potential public offering by possibly early next year, according to Reuters.

The Troy, Michigan based auto parts maker could obtain success after emerging from bankruptcy last October, and could also yield a major payout for a group of lenders led by Silver Point Capital LP and Elliot Management, groups that won bankruptcy court the purchase of Delphi's key assets, according to Reuters.

Delphi declined to comment, saying stock offering decisions will be made by the company's board and investors. It is estimated that Delphi could be valued around $7 billion.