AirPods Maker GoerTek Is Said to Pick Banks for Unit’s HK IPO

AirPods maker GoerTek Inc. has picked banks to work on the planned Hong Kong initial public offering of its semiconductor unit Goertek Microelectronics Inc., according to people familiar with the matter.

GoerTek is working with China International Capital Corp., China Merchants Bank International, China Securities International and UBS Group AG on the listing, which could happen as soon as next year and raise at least $300 million, the people said, asking not to be identified as the information isn’t public.

Deliberations are ongoing and details of the offering such as size and timing could change, the people ...