China Logistics Said Poised to Price $433 Million IPO at Top End

China Logistics Property Holdings Co., the warehouse developer backed by Carlyle Group LP, is poised to raise about $433 million in its Hong Kong initial public offering, according to people familiar with the matter.

The Shanghai-based company plans to price its sale of 1.04 billion shares at HK$3.25 apiece, the people said, asking not to be identified as the information is private. China Logistics Property offered the shares at HK$2.55 to HK$3.25 each, according to terms for the deal obtained by Bloomberg earlier.