Flickr/scalespeeder Varta AG, a Germany-based developer of microbatteries and energy storage solutions, is preparing for a €200 million ($222 million) initial public offering (IPO) on the Frankfurt Stock Exchange, the company confirmed today. German battery maker Varta is looking to instigate a € 200 m ( $ 222 m ) IPO on the Frankfurt Stock Exchange to fund a € 50 m investment in a new automated battery for small appliances and the purchase of rival energy management system companies and patents . The manufacturer expects its flotation to put its value near € ##100 m .
German battery maker Varta is looking to instigate a € 200 m ( $ 222 m ) IPO on the Frankfurt Stock Exchange to fund a € 50 m investment in a new automated battery for small appliances and the purchase of rival energy management system companies and patents . The manufacturer expects its flotation to put its value near € ##100 m .