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

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Reuters
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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.

HONG KONG, June 5 (Reuters) - Vocational training company China East Education Holdings Ltd 0667.HK 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)

((julie.zhu1@thomsonreuters.com; +852 2843 6519; Reuters Messaging: julie.zhu1.thomsonreuters.com@reuters.net))

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