Feb. 4, 2004 — TRW Automotive Holdings Corp. (NYSE: TRW, News, Web), a Livonia, Mich.-based global automotive supplier, priced an initial public offering Tuesday at $28 per share and began trading on the New York Stock Exchange.
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Among the many products TRW sells to major automakers are MEMS-based tire pressure monitoring systems. The stock closed down 90 cents at $27.10 after its first day of trading.