Montage Technology said on Friday that it was planning a Hong Kong listing, without providing further details.
Deliberations are ongoing and plans may change, the people said.
A representative for UBS declined to comment. CICC, Morgan Stanley and Montage Technology didn’t immediately respond to requests seeking comment.
Montage Technology listed on Shanghai’s Nasdaq-style Star Board in 2019 and has a market capitalisation of about 93 billion yuan ($16.7 billion).
See also: Hong Kong Exchange posts record profit on IPO, trading surge
The US has been trying to curb Beijing’s ambitions to build a domestic semiconductor industry, initially cutting China off from equipment used to make the most advanced electronic components and gradually broadening the rules.
Chinese companies listed on mainland stock markets have been flocking to sell shares in Hong Kong as regulators give such deals their blessing and onshore fundraising remains constrained.
The listings form the bulk of Hong Kong’s pipeline of first-time share sales and have been a key driver of the resurgence in activity seen in the financial hub.
