Chando Cosmetics Maker Is Said to Weigh $500 Million HK IPO (1)

Jala Group, a Chinese cosmetics and skincare brand, is considering an initial public offering in Hong Kong that could raise as much as $500 million, according to people with knowledge of the matter.

The Shanghai-based company is working with Huatai International and UBS Group AG on the first-time share sale, the people said, asking not to be identified as the information is private. The listing may take place as soon as next year, the people said.

Deliberations are preliminary and details of the IPO such as size and timing could change, the people said. A representative for UBS declined ...