UPDATE 1-Reald to raise up to $200 mln in IPO

Fri Apr 9, 2010 5:56pm EDT

* Plans to list on NYSE under the symbol "RLD"

* To use proceeds to repay term loan, credit facilities

April 9 (Reuters) - Reald Inc filed with U.S. securities regulators on Friday to raise up to $200 million in an initial public offering of common shares.

The licensor of three-dimensional stereoscopic, or 3D, technologies, said it plans to list its stock on the New York Stock Exchange under the symbol "RLD," but did not say how many shares it plans to sell.

Beverly Hills, California-based Reald said it intended to use the net proceeds from the offering to repay its term loan and revolving credit facilities, which will become due and payable upon the closing of the offering, as well as for general corporate purposes.

J.P.Morgan Securities and Piper Jaffray & Co are the underwriters to the IPO, the company said in a filing with the U.S. Securities and Exchange Commission. (Reporting by Brenton Cordeiro in Bangalore; Editing by Unnikrishnan Nair) ((brenton.cordeiro@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: brenton.cordeiro.thomsonreuters.com@reuters.net))

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