Suzhou Inovance United Power System (SHE:301656) obtained the approvals of the Shenzhen Stock Exchange and China's securities regulator for the initial public offering of 288,574,910 shares on the ChiNext market.
The online roadshow will be held Sept. 12, with final allocation on Sept. 17, according to a Thursday filing on the Shenzhen bourse.
Following the public offering, the company will have 2,404,790,910 shares.
Guotai Haitong Securities serves as lead underwriter.
United Power is the new energy vehicle division of Shenzhen Inovance Technology (SHE:300124).
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