Chinese aluminum smelter Chuangxin Industries Holdings Ltd. has started taking orders for its Hong Kong initial public offering, drawing in big investors including Swiss commodity giant Glencore Plc and asset managers Hillhouse Investment Management and Millennium Management LLC.

Chuangxin, based in China’s Inner Mongolia, is seeking as much as HK$5.5 billion ($707 million) in its IPO, the company said in a listing document dated Friday. It is offering 500 million shares at HK$10.18 to HK$10.99 each.