China East Education seeks up to $680m in HK IPO

China East Education seeks up to $680m in HK IPO

Students at the Shichahai sports school attend a class in Beijing, China, May 18, 2016. REUTERS/Damir Sagolj/Files

China East Education Holdings Ltd., a provider of vocational training, started taking investor orders Monday for a Hong Kong initial public offering that could raise as much as $680 million.

The Hefei, Anhui-based company is offering 435.8 million shares at HK$9.80 to HK$12.26 apiece, according to terms for the deal obtained by Bloomberg. The price range implies a market capitalization of $2.7 billion to $3.4 billion, the terms show.

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