The company, which is a subsidiary of the China Transport Telecommunications & Information Center under Ministry of Transport of China, has a wide range of data sources, including satellites and remote sensors, which it will share with Manbang, which specializes in logistics data.
The company said that 70 percent of the proceeds from the IPO will be used for financing potential strategic acquisitions and establishing new schools in China.
The company will inform customers via mail, text messages and phone calls.
The company launched the AutoRip feature for CDs in January.
The company will further explore resource potential by improving its offshore gas transmission pipeline network and optimizing the energy mix to safeguard China's energy security and gas field construction in the area, said CNOOC Chairman Yang Hua.
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The company said its business model helps to lower customers' rental costs, reduces the total number of vehicles in the city and eases pressure on the environment.
The company is also stepping up efforts to gain more overseas users, said its chairman Cai Wensheng, adding the expansion will entail opening new offices, possibly in Europe, and offering localized versions of its products.
The company said it will close the site by June 2018 and about 90 employees will be affected by the decision.
The company's technologies are widely used in Amazon Inc's e-book Kindle, whose battery can power the device for over a month after a single charge.