Liquor Maker Zhen Jiu Is Said to Weigh $400 Million HK IPO (1)

Zhen Jiu, a Chinese liquor company, is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter.

The company is working with advisers on the potential listing, the people said, asking not to be identified as the information isn’t public. Zhen Jiu could raise about $300 million to $400 million in the IPO, they said.

Considerations are at an early stage and details of the offering such as size and timing could still change, the people said. A representative for Zhen Jiu didn’t immediately respond to emails or phone calls seeking ...