China East said to have raised $625m in world’s biggest education IPO

The flag of Hong Kong Exchanges & Clearing Ltd. (HKEx), top center, the Chinese national flag, bottom center, and the Hong Kong SAR flag, bottom right, fly in the Central district of Hong Kong, China, on Wednesday, March 2, 2016. Photographer: Justin Chin/Bloomberg

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.

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