Battery Maker SVOLT Gets Green Light for IPO to Raise $2B
The public listing of SVOLT, a Chinese lithium-ion battery systems provider, was approved by the Shanghai Stock Exchange on November 18. The update means that SVOLT, currently the only unlisted firm among the world’s top 10 power battery manufacturers, is set to officially enter the capital market.
SVOLT plans to issue 25% shares and raise…
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