[Business insurance]China Re values Hong Kong IPO at top of expectations, raises $2 billion: Sources


  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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