Estonian Battery Maker Skeleton Aims to Be Ready for IPO in 2027

Estonian battery developer Skeleton Technologies is expanding in France as part of a wider strategy to be ready to sell shares on the stock exchange in three years, according to Chief Executive Officer and co-founder Taavi Madiberk.

The company will invest €600 million ($647 million) to build a graphene-based battery-cell plant and research center near Toulouse, in southern France, he told Bloomberg. The site will start production in 2027 and create as many as 300 jobs, he said.

The aim is to “be IPO-ready in 2027,” Madiberk said. A spokesman said it was too early to say which stock exchange ...