Bain-Backed EcoCeres Said to Eye Hong Kong IPO Instead of London

EcoCeres Inc., a producer of sustainable fuel backed by Bain Capital, is considering an initial public offering in Hong Kong instead of London, according to people familiar with the matter.

The Hong Kong-based company could go public as soon as the second half of next year, said one of the people, who asked not to be identified because the information is private. It has recently spoken to Hong Kong Exchanges & Clearing Ltd. to explore the possibility of listing in the city, the person said.