Sany Heavy Said to Soon Gauge Interest for $1.5 Billion Listing

China’s Sany Heavy Industry Co. plans to begin gauging investor interest as early as next week for a Hong Kong listing that could raise about $1.5 billion, according to people familiar with the matter.

The Beijing-based construction-machinery maker is expected to attend a listing hearing with the Hong Kong stock exchange as soon as this week, the people said, asking not to be identified as the information is private. The company, whose shares already trade in Shanghai, may list its stock in the coming weeks, they added.

Deliberations are ongoing, and the deal size and timing could still change, the ...