China Galaxy IPO raises $1.1 billion

State-owned China Galaxy Securities Co raised $1.1 billion in Hong Kong's biggest IPO in six months, pricing the offer at the low end of its marketing range as it looks for a first-day pop on its debut next week.

The IPO from China's seventh largest brokerage comes after a particularly tough year for offerings in the region. Its May 22 debut, and that of Sinopec Engineering (Group) Co a day later, are set to be bellwethers for a slew of Hong Kong offerings in the works.