April 28 (Reuters) - China-based Nobao Renewable Energy Holdings Ltd filed with U.S. regulators on Wednesday to raise up to $300 million in an initial public offering of common stock.
The company told the U.S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, UBS, and Citigroup were underwriting the IPO.
Nobao, whose technology utilizes energy stored in the ground to provide heating, cooling and hot water to buildings, intends to use the proceeds to expand the production capacity of its plant.
The company has applied to list its common stock on the New York Stock Exchange under the symbol 'NRE'.
(Reporting by Sweta Singh in Bangalore; Editing by Gopakumar Warrier) Keywords: NOBAORENEWABLE/IPO (sweta.singh@thomsonreuters.com ; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sweta.singh.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company told the U.S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, UBS, and Citigroup were underwriting the IPO.
Nobao, whose technology utilizes energy stored in the ground to provide heating, cooling and hot water to buildings, intends to use the proceeds to expand the production capacity of its plant.
The company has applied to list its common stock on the New York Stock Exchange under the symbol 'NRE'.
(Reporting by Sweta Singh in Bangalore; Editing by Gopakumar Warrier) Keywords: NOBAORENEWABLE/IPO (sweta.singh@thomsonreuters.com ; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: sweta.singh.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.