WuXi AppTec-Backed MegaRobo Is Said to Plan Hong Kong IPO

MegaRobo Technologies Co. is planning a Hong Kong initial public offering as soon as this year, according to people familiar with the matter, amid a jump in stocks from the biotechnology sector.

The company, which applies robotics and artificial intelligence in life-sciences research, is working with advisers to raise $300 million or above in the listing, the people said, asking not to be named to discuss a private matter.

Deliberations are ongoing, and details of the offering such as its size and timing may change, the people said. MegaRobo didn’t respond to a request for comment.

The Hang Seng Biotech ...