Sany Heavy Gauges Investor Interest in Hong Kong Stock Listing

China’s Sany Heavy Industry Co. is starting to gauge investor interest in its Hong Kong listing, according to the deal’s terms seen by Bloomberg News, inching closer to what would be among the city’s biggest first-time share sales this year.

The construction-machinery maker will conduct so-called investor-education meetings this week starting Monday, the terms show. The company plans to list its shares in the coming weeks to raise around $1.5 billion, people familiar with the matter have said.

Sany Heavy’s listing would add to a recent wave of fundraising by Chinese firms, which has fueled a strong revival of ...