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 raised $625 million by selling 435.8 million primary shares at HK$11.25 each – within the upper half of an indicative range of HK$9.8 to HK$12.26, two people with direct knowledge of the matter said.
