Auto parts maker Jegs Auto Parts plans to sell its $1.4 billion in stock for $2.9 billion in the fourth quarter of 2019.
The company has been reeling from a string of major recalls, including the recall of thousands of defective parts last year.
It will report its fourth-quarter results later this month.
The stock, which has fallen more than 50 percent this year, has risen about 10 percent since the last quarter of 2017.
Jegz had a net loss of $1,039 million for the quarter, compared to a loss of about $639 million in the same period a year ago.
The company has struggled to compete with the auto industry’s larger players like General Motors and Ford.