Haier Smart Home (HKG:6690, SHA:600690) is eyeing an initial public offering of its internet-of-things unit Cosmoplat in Hong Kong, Bloomberg reported Tuesday, citing people familiar with the matter.
The appliance company has hired China International Capital Corp. (HKG:3908, SHA:601995) and HSBC (HKG:0005) to help with the share sale, the report said.
Cosmoplat's offering is set to take place in 2026, Bloomberg said.
The IoT unit could raise up to $500 million from the process, Bloomberg reported.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)