Innolight Is Said to Pick Banks for One of HK’s Biggest Listings

Zhongji Innolight Co., a Chinese maker of optical communication modules and devices, has picked banks for a Hong Kong listing that could raise $3 billion or more, according to people familiar with the matter.

The company is working with China International Capital Corp., GF Securities Co., Goldman Sachs Group Inc. and Morgan Stanley on the potential share sale, the people said, asking not to be identified because the information is private.

With a market capitalization of 546 billion yuan ($77 billion), Innolight could be one of the biggest companies to list in Hong Kong next year, along ...