Monsanto-backed Ceres hires Raymond James and Simmons & Company alongside Goldman Sachs, Barclays Capital and Piper Jaffray.

Ceres, a US-based biotechnology company backed by crops developer Monsanto, has added two extra underwriters to the banks working on its $100m Nasdaq flotation. 

The company, which supplies seeds to be used for energy, has added US-based banks Raymond James and Simmons & Company alongside Goldman Sachs, Barclays Capital and Piper Jaffray as underwriters on the initial public offering.

Monsanto owns 6.4% of Ceres, which raised $20m in its series G round in June last year by selling shares at $6.50…

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