SEOUL -- SK IE Technology, the battery materials affiliate of SK Innovation, plans a $2 billion initial public offering on Seoul's stock market next month as it ramps up production to meet growing demand for electric car batteries and other products.
SK IE Technology said it aims to raise up to 2.2 trillion won ($2 billion) in the IPO, floating 21.4 million shares in mid-May in a price band from 78,000 won to 105,000 won per share. The IPO price will be fixed after book building on Friday.
