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Bankers on the deal are telling investors the IPO, set to be the biggest in Hong Kong in two years, will be priced at the lower quarter of the indicative range of HK$3.42-4.03 (44-52 US cents), added IFR, a Thomson Reuters publication.
At the bottom of the range, People's Insurance Company (Group) of China, or PICC, would raise about $3 billion in the IPO.
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