Snackmaker Liwayway Said to Prepare $200 Million Hong Kong IPO

Chinese snackmaker Liwayway Holdings Co. is planning a Hong Kong initial public offering that could raise as much as $200 million, people with knowledge of the matter said.

Liwayway, which sells potato chips under the “Oishi” brand, has hired banks for a share sale next year, the people said Wednesday. It hasn’t yet filed a listing application with the Hong Kong stock exchange, according to the people, who asked not to be named as the information is private.