Chinese Electric-Car Charging Provider StarCharge Eyes IPO
- StarCharge has hired Guotai Junan Securities to assist
- Company recently closed $125 million Series A fundraising
An electric vehicle is charged in Shenzhen, China.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Chinese electric-vehicle charging equipment provider StarCharge plans to start the process for an initial public offering, just weeks after completing a Series A fundraising round.
The company, registered as Wanbang Digital Energy Co., aims to list on a mainland bourse and has hired Guotai Junan Securities Co. to assist, according to a statement dated Oct. 9 on its website. It didn’t provide more details. StarCharge last month completed a 855 million yuan ($125 million) capital raising led by Schneider Electric SE and a fund under CICC Capital that attracted investors including Morgan Stanley and CCB International.