Energy storage company Tropical Battery is seeking to raise $325 million of equity from the market in an initial public offering (IPO).
The shares are priced at $1 per unit.
The transaction would reduce the Melville family stake in the 70 year old company, from 100 per cent to 75 per cent.
The offer opens to the market on September 22 and closes September 30.
The past year has seen a $60 million investment in Tropical Battery Company's build-out of a new headquarters and a restructuring of its offices on Ashenheim Road in Kingston.
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