By: Scott Murdoch
Chinese home appliance maker Midea Group is set to price shares at the top of an indicative range to raise at least $3.46 billion in a Hong Kong listing, said three people with direct knowledge of the matter. Book building for the deal has been accelerated to close on Wednesday, the people said. Midea has an option is increase the size of the deal to $3.98 billion in the event of strong demand and the firm is expected to exercise that option, one of the sources said.