Anime Product Maker Said to Tap CICC, Morgan Stanley for IPO

Kayou, a Chinese maker of gaming cards and stationery with animation themes, is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter.

The company is working with China International Capital Corp. and Morgan Stanley on the preparations of the share sale, the people said, asking not to be identified as the information is private. The company could raise as much as a few hundred million dollars in its first-time share sale, said one of the people, depending on the market condition.

Deliberations are preliminary and details of the IPO ...