Southeast Asia's biggest IPO could rake in as much as $5.4 billion

HONG KONG - Li Ka-shing's Hutchison Port Holdings Trust expects to raise $5.4 billion in Southeast Asia's biggest initial public offering, according to three people with knowledge of the transaction.

The trust plans to sell about 5.4 billion units at $1.01 each, said the people, who declined to be identified before an announcement. A final decision will be made on Monday, they said. The price range was initially set at 91 cents to $1.08 before being narrowed to 99 cents to $1.03.