sources have said that china reinsurance (group) corp. has raised $2 billion after pricing its initial public offering in hong kong at the top of expectations, reports reuters.
the sources said that the reinsurer priced the 5.77 billion shares at $2.70 hong kong ($0.34) each.
the deal was marketed in an indicative range of hkd 2.25 ($0.32) to hkd 2.70 ($0.34), added the sources.
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