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.
