By Kwanwoo Jun

SK IE Technology, a South Korean manufacturer of lithium-ion battery separators, seeks to raise at least 1.669 trillion won ($1.47 billion) by listing on South Korea's stock exchange.

SK IE Technology intends to sell 8.6 million new shares and 12.8 million existing shares in an initial public offering in May at the lower end of its initial price range between KRW78,000 and KRW105,000 a share, its parent SK Innovation Co. said in a regulatory filing Wednesday. The final IPO price can change later, SK Innovation said.

The proceeds from the IPO will be used to purchase stocks in other companies, the filing showed.

SK IE Technology has production facilities in South Korea, China and Poland. It said Sunday that it plans to invest KRW1.130 trillion in expanding business in Poland to meet growing demand.

JP Morgan Securities and Mirae Asset Daewoo are among the managers of the share sale, and they plan to take orders from retail and institutional investors on April 28 and 29.

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

(END) Dow Jones Newswires

03-31-21 0703ET