GIC, Millennium, Hillhouse Set to Invest in Zijin Gold’s IPO

GIC Pte, Millennium Management LLC and Hillhouse Investment are among heavyweights that are set to invest in Zijin Gold International Co.’s initial public offering in Hong Kong, according to people familiar with the matter.

BlackRock Inc., Fidelity International Ltd. and Baillie Gifford & Co. are also among cornerstone investors that are poised to get around half of the IPO shares, the people said, asking not to be identified because the information isn’t public.

The lineup of marquee names investing in Zijin Gold signals the world’s biggest listing since May will be in high demand. The company is ...