Growatt Is Said to Get Approval for $1 Billion Hong Kong IPO (1)

Growatt Technology Co., a Chinese solar energy device maker, has received approval from the Hong Kong stock exchange for an initial public offering, according to people familiar with the matter.

The Shenzhen-based company was given the green light following a hearing Thursday with the bourse’s listing committee, the people said, asking not to be identified as the information is not public. Growatt may seek about $1 billion through the first time share sale, and could start taking orders as soon as next week, Bloomberg News has reported.

Deliberations are ongoing and details of the offering could change, the ...