Coslight Technology International Group, a privately held mainland battery-maker, aims to raise more than $100 million through a flotation in Hong Kong next month.
The company planned to set its issue price at between six to eight times this year's prospective earnings on a fully diluted basis, market sources said.
This would mean a range of between $1-$1.45 each for about 100 million new shares.
About 75 per cent of the new shares will be earmarked for international placing and the remainder offered for public subscription in Hong Kong at the end of this month.
The company is currently 90 per cent owned by chairman Song Dianquan.
The listing does not require prior China Securities Regulatory Commission approval because the mainland assets are held by a Bermuda-incorporated company.