Sequoia-Backed Growatt Said to Weigh $500 Million Hong Kong IPO

Growatt, a Chinese smart energy solutions company, is considering a Hong Kong initial public offering to raise as much as $500 million, according to people familiar with the matter.

The Sequoia Capital China-backed company is working with China International Capital Corp. and Credit Suisse Group AG on the potential listing, the people said, asking not to be identified as the information is private. The offering could raise $300 million to $500 million and could happen as early as this year, the people said.

Discussions are continuing and details of the potential share sale such as fundraising size and timing ...