Robot Maker Inovance Is Said to Hire Banks for Up to $2 Billion Hong Kong Listing

Industrial robot maker Shenzhen Inovance Technology Co. has picked banks for a Hong Kong listing that could raise as much as $2 billion, according to people familiar with the matter.

Inovance is working with Bank of America Corp., China International Capital Corp., Guotai Junan International Holdings Ltd. and Morgan Stanley on the planned share sale, the people said, asking not to be identified because the information is private.