China Everbright seeks 3-3.3 yuan IPO price range-source

SHANGHAI, Aug 6 (Reuters) - China Everbright Bank, which is looking to raise roughly $3 billion in an initial public offering in Shanghai, will submit a price range of 3.0-3.3 yuan per share ($0.44-$0.49) to the securities regulator for approval, a person with direct knowledge of the fundraising said on Friday.

The official China Securities Journal reported earlier on Friday that Everbright Bank was hoping to set such a price range, and said that would represent 1.54 to 1.7 times Everbright's forecast 2010 book value.

(Reporting by Samuel Shen and Jason Subler; Editing by Jacqueline Wong)

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