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SK battery materials affiliate plans $2bn IPO next month

South Korean company to use proceeds to expand Polish factory as demand soars

SK IE Technology CEO Roh Jae-sok explains the IPO by telling reporters, "[O]ur cash flow is not enough to cover [our] very large-scale investments." (Photo courtesy of SK ie technology)

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.

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