Chinese Titanium Refiner Ubridge Weighs $300 Million HK IPO

Guangdong Ubridge New Material Technology Co., a refiner of minerals including titanium and zirconium, is considering a Hong Kong initial public offering that could raise about $300 million, according to people familiar with the matter.

The Maoming, Guangdong-based company has picked BNP Paribas SA and China Securities International to help arrange the first-time share sale, the people said. A listing could happen as soon as next year, said the people, who asked not to be identified as the information is private. The refiner is also exploring a funding round ahead of the IPO in order to bring in some strategic investors, the people said.