Sany Heavy Industry Co. is considering a Hong Kong IPO for its electric truck unit Hunan Xingbida Network Technology Co., which could raise about $500 million, according to people familiar with the matter. Deliberations are ongoing. The move follows rival Xuzhou XCMG Automobile Manufacturing Co. also exploring a similar ~$500 million listing. Sany Heavy raised about HK$13.5 billion ($1.7 billion) in a Hong Kong share sale in October, though its stock is now only about 3% above debut levels. Hong

Sany Heavy Industry Co. is considering a Hong Kong IPO for its electric truck unit Hunan Xingbida Network Technology Co., which could raise about $500 million, according to people familiar with the matter. Deliberations are ongoing. The move follows rival Xuzhou XCMG Automobile Manufacturing Co. also exploring a similar ~$500 million listing. Sany Heavy raised about HK$13.5 billion ($1.7 billion) in a Hong Kong share sale in October, though its stock is now only about 3% above debut levels. Hong Kong IPOs have raised nearly $20 billion this year.