Sigenergy Technology Co, a Chinese mainland-based energy storage firm, is aiming ​to raise about HK$4.40 billion ($561.6 million) through an ‌initial public offering in the Hong Kong Special Administrative Region, according to a listing document filed with the exchange on Wednesday.

The global offering comprises 13.57 million H ​shares, of which 1.36 million are reserved for Hong Kong public investors and the remainder will be allocated to international investors, ​at an offer price of HK$324.20 per share.

The ​Shanghai‑based company develops and manufactures smart energy storage systems, including battery ‌products, ⁠inverters, and energy management software, serving residential and commercial customers as demand for clean energy solutions rises.

The shares will begin trading on the Hong Kong Stock Exchange ​on April ​16 under ⁠stock code 6656, the filing showed.

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CLSA, Asia's leading capital markets and investment group and ​the international platform of CITIC Securities, the mainland's ​largest ⁠investment bank, is among the deal's joint sponsors.

Proceeds from the listing will be used primarily to expand production ⁠capacity, fund ​research and development, and strengthen ​sales-and-service networks, the company said in the prospectus.