Yuanda China expects to raise US$536.2 million in an initial public offering (IPO) by listing on the Hong Kong Stock Exchange, the Wall Street Journal reported. The company makes curtain walls – the outer covering of some buildings – as well as metal roofs, shading systems and glass skylights. It says it will use capital raised in the IPO to expand production and sales capacity, R&D and repay outstanding debt. Sales to institutional investors will begin on April 18, with retail investors in Hong Kong following suit on April 20. The company says it will sell 1.5 billion shares at a price range of US$0.25 – $0.36, with the starting price to be announced on April 29. Yuanda’s announcement makes it one of about a dozen companies looking to garner a total of US$16 billion in IPOs on the HKSE in the second quarter.