China East Education raises $625 million in world's biggest education IPO - sources

 China East Education raises 5 million in worlds biggest education IPO - sources

HONG KONG (Reuters) - Vocational training company China East Education Holdings Ltd has priced its Hong Kong initial public offering within the upper half of its targeted range, raising $625 million in the world's largest education float, two sources said.

The company based in Hefei, a provincial capital in eastern China, raised $625 million by selling 435.8 million primary shares at HK$11.25 each - within the upper half end of an indicative range of HK$9.8 to HK$12.26, said two people with direct knowledge of the matter.

(Reporting by Julie Zhu; Editing by Jennifer Hughes and Stephen Coates)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.

Updated Date: Jun 05, 2019 06:06:23 IST