<span class="articleLocation”>Feb 16 (Reuters) – Caesarstone Sdot-Yam Ltd, which
makes engineered quartz slabs, filed with regulators on Thursday
to raise up to $115 million in an initial public offering.

J.P. Morgan Securities, Barclays Capital and Credit Suisse
Securities will act as joint bookrunning managers to the
offering, the Israel-based company told the U.S. Securities and
Exchange Commission in a preliminary prospectus.

Caesarstone was founded in 1987 by Kibbutz Sdot-Yam, a
communal society in Israel which beneficially owns about 70
percent of the company’s shares, according to the filing.

The company intends to list its common stock on the Nasdaq
under the symbol “CSTE”.

Caesarstone’s quartz slab products are sold in 42 countries
and are used in residential and commercial buildings as
countertops and other types of surfaces.

It had a revenue of $259.7 million in 2011.

The filing did not reveal how many shares the company
planned to sell or their expected price.

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.