Prague: Czech-based turbine manufacturer Doosan Skoda Power will list its shares on the Prague stock exchange next month to raise funds for new growth drivers, its parent firm said Monday. Doosan Skoda plans to list 9.57 million to 10.52 million shares in the Prague stock market on Feb. 6 (local time) to raise 120 billion won (US$84 million) to 160 billion won, its parent Doosan Enerbility Co. said in a press release.

According to Yonhap News Agency, the shares will be up for sale at 13,200 won to 15,600 won per share for investors from the Czech Republic and Britain. On Feb. 5, Doosan Skoda said it will hold a briefing on the planned initial public offering (IPO) for the investors. The proceeds from the IPO will be spent to upgrade production facilities and strengthen research and development activities at the two companies.

Doosan Enerbility is a plant equipment manufacturer under South Korea's plant-to-robotics conglomerate Doosan Group.