* Intends to list under the symbol "SRAM"
* Has not decided the exchange it wants to list on
May 12 SRAM International Corp, a manufacturer
and designer of bicycle components, filed with U.S. regulators
on Thursday to raise up to $300 million in an initial public
offering of common stock.
The company intends to use the proceeds from the offering to
The filing did not reveal how many shares the company
planned to sell or their expected price.
The company intends to list under the symbol "SRAM", but has
not decided which exchange it intends to list on.
The Chicago, Illinois-based company told the U.S. Securities
and Exchange Commission in a preliminary prospectus that J.P.
Morgan, Bank of America Merrill Lynch, Morgan Stanley, among
others, are underwriting the IPO.
The amount of money a company says it plans to raise in its
first IPO filings is just used to calculate registration fees.
The final size of the IPO could be different.
(Reporting by Tanya Agrawal in Bangalore; Editing by Sriraj