Chuangxin Industries Said to Seek $700 Million in Hong Kong IPO

Chuangxin Industries Holdings Ltd., a Chinese aluminum smelter, is planning for its initial public offering in Hong Kong to fetch about $700 million, according to people familiar with the matter.

The company, based in China’s Inner Mongolia, plans to start taking investor orders as soon as Friday for a listing in the coming weeks, the people said, asking not to be named discussing private information. It started gauging investor interest this week, according to terms of the deal seen by Bloomberg News.

Deliberations are ongoing, so the size and timing of the deal may change, the people said. Chuangxin didn’t ...