Midea Group (HKG:0300, SHE:000333) is seen to price its shares at HK$54.80, the top of the range it set last Monday, and raise up to HK$27 billion in its Hong Kong IPO, The Standard reported Thursday, citing four people with knowledge of the matter.

The listing is seen to be Hong Kong's biggest since 2021, the report said.

Midea may opt to raise the size of the offering to more than HK$31 billion should demand increase, the report said.

Pricing is set for Friday, and shares are seen to begin trading on Sept. 17.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)