Haier Is Said to Weigh Hong Kong IPO of Cosmoplat Business (1)

Haier Smart Home Co. is considering an initial public offering of its internet-of-things unit Cosmoplat, people familiar with the matter said.

Haier is working with China International Capital Corp. and HSBC Holdings Plc on a potential share sale that may take place in Hong Kong next year, according to the people, who asked not to be identified because the deliberations are private. Haier could seek to raise about $500 million from a Cosmoplat IPO, the people said.

Considerations are ongoing and details such as size and timing could change, they added.

Representatives for Qingdao-based Haier and CICC didn’t respond ...