Shenzhen Inovance Technology Co., Ltd. has selected banks for a Hong Kong listing that could raise as much as $2 billion, according to people familiar with the matter. The deal is being arranged by Bank of America Corporation, China International Capital Corporation, Guotai Junan International Holdings Ltd. and Morgan Stanley. The Shenzhen-based industrial robot and automation maker, founded in 2003 and listed in Shenzhen since 2010, has a market capitalization of about 182 billion yuan ($26 bil

Shenzhen Inovance Technology Co., Ltd. has selected banks for a Hong Kong listing that could raise as much as $2 billion, according to people familiar with the matter. The deal is being arranged by Bank of America Corporation, China International Capital Corporation, Guotai Junan International Holdings Ltd. and Morgan Stanley. The Shenzhen-based industrial robot and automation maker, founded in 2003 and listed in Shenzhen since 2010, has a market capitalization of about 182 billion yuan ($26 billion). It makes automation and robotics systems for industries including plastics, packaging, and steel. The company said in January it was considering a Hong Kong listing, with size and timing still subject to change.