Investing.com -- Doosan Skoda Power AS, the Czech steam-turbine manufacturer, has launched an initial public offering (IPO). The company is projecting a future of high dividends and fast earnings growth, fueled by orders from the energy sector.

Doosan Skoda Power is a subsidiary of South Korea's Doosan Enerbility Co. The company is reaching out to investors as it anticipates new contracts both within the Czech Republic and globally. These anticipated contracts are mainly driven by investments in nuclear and gas-fired power stations. The parent company plans to retain a minimum of 67% ownership of the unit, with intentions to shift some production of generators and gas turbines to its Czech unit. Part of the proceeds from the IPO will be used to finance the expansion of its facilities.

Daniel Prochazka, Chief Operating Officer of Doosan Skoda Power, addressed the media in Prague, stating the company sees "huge potential for us in nuclear energy, including small modular reactors."

On Monday, the company announced its intention to sell up to 33% of its existing and new shares, priced between 220 koruna and 260 koruna each. The subscription period is set to conclude on Feb. 5. If the transaction is completed successfully, the company could be valued at up to 8.3 billion koruna ($347 million). This would mark the largest listing in Prague in over four years.

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