* Credit Suisse, UBS, Piper Jaffray lead underwriters
* Intends to list under "GLRI" on NASDAQ
Oct 5 - Glori Energy Inc, which uses biotechnology to
release oil trapped in reservoirs, filed with U.S. regulators on
Wednesday to raise up to $115 million in an initial public
offering of its common stock.
The company said it planned to use the net proceeds from the
offering for general corporate purposes, which may include the
acquisition, restoration and operation of low-producing oil
The Houston-based company told the U.S Securities and
Exchange Commission in a preliminary prospectus that Credit
Suisse, UBS investment bank, Piper Jaffray and Robert Baird & Co
were underwriting the IPO.
Investment company GTI Group and Energy Technology Ventures
-- a joint venture of General Electric Co GE.N>, ConocoPhillips
and NRG Energy Inc -- are some of the biggest
stakeholders of Glori.
The company, which did not reveal how many shares it planned
to sell or their expected price, intends to list its common
stock on the Nasdaq under the symbol "GLRI".
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.
(Reporting by Aditi Sharma in Bangalore; Editing by Anil