Chinese Truckmaker XCMG Auto Is Said to Consider $500 Million Hong Kong IPO

Chinese truckmaker Xuzhou XCMG Automobile Manufacturing Co. is considering listing shares in Hong Kong, people familiar with the matter said.

The Jiangsu-based company aims to raise as much as $500 million in a share sale possibly as soon as this year, according to the people, who asked not to be identified to discuss private information. Deliberations are ongoing, including on details such as the size and timing of a deal, the people added.