IPO of the Week: Keysight Technologies

Keysight Technologies, Inc

Traced back to 1939 when Hewlett-Packard (HP) was first founded, Keysight Technologies, Inc is an electronic measurement company, headquartered in Santa Rosa, North California. Keysight was the former electronic measurement business of Agilent Technologies, a HP spin-off in 1999. The company provides electronic measurement instruments and systems, related software and software design tools and customer supports and services to the communications, aerospace and defense and industrial, computer and semiconductor test markets.

Keysight Technologies generates the majority of revenue from the measurement solutions business, which provides products and related software . The company also generates a small portion from its customer support and services business, which offers repair, calibration, parts-for-sale and resell refurbished used equipment.

On 11/3/2014, Keysight Technologies began trading on NYSE followed by its completed separation from Agilent Technologies (NYSE: A) on 11/1/2014. The stock closed the first day of trading at $31.15, with approximately 167 million shares distributed, Keysight was valued at ca. $5.2 billion. Keysight Technologies was included in the IPOX® 100 U.S. Portfolio on 12/19/2014 and currently weighs approximately 1.10%.