HK Electric trust to bring first large IPO in 2014

The $4 billion to $5 billion deal is scheduled to launch on January 14 and is expected to be followed by a number of other large listings in the first half.

HK Electric trust to bring first large IPO in 2014

HK Electric Investments looks set to become Asia’s first large initial public offering in 2014 after bankers started investor education on Monday for a deal that could raise as much as $5.7 billion.

The business trust-like entity, known in Hong Kong as a fixed single investment trust, is a spin-off from Li Ka-shing-controlled Power Assets Holdings, which is one of the two power producers in Hong Kong. The company said last month that it is...

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