<article>Chinese lithium-ion battery developer REPT BATTERO Energy Co said on Friday it plans to raise up to HK$2.39 billion ($305.96 million) in its Hong Kong initial public offering (IPO) later this month.</article>

Chinese lithium-ion battery developer REPT BATTERO Energy Co said on Friday it plans to raise up to HK$2.39 billion ($305.96 million) in its Hong Kong initial public offering (IPO) later this month.
The company will issue 116.1 million H-shares priced at HK$20.60 per H-share, according to regulatory filings.
Shanghai-based REPT BATTERO will seek to keep the offer price to a maximum of HK$20.60 per H share and not any less than HK$18.20, according to the filing.
The battery developer will issue up to 11.6 million H-shares to Hong Kong investors and 104.5 million H-shares to overseas investors under the global offering.
The dealings in the H-shares are expected to start on Dec. 18.
REPT BATTERO has R&amp;D centers in Shanghai, Wenzhou, and Jiaxing, as well as production bases in other cities such as Wenzhou, Jiaxing, Liuzhou, Foshan, and Chongqing.
Reuters

Chinese lithium-ion battery developer REPT BATTERO Energy Co plans to raise up to $305.96 million in its Hong Kong IPO later this month.

China's REPT BATTERO to raise up to $306m in Hong Kong IPO

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