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The biggest shareholder of Lenovo Group Ltd is aiming for up to $3-billion initial public offering in Hong Kong as soon as July, the Wall Street Journal reported on Monday.

Beijing-based Legend Holdings, which has a colorful portfolio of investments ranging from real estate to agriculture, intends to apply for approval from the Hong Kong’s stock exchange during the next few weeks, the Journal said citing people familiar with the matter.

Legend, which holds around 30% of the worlds largest personal computer maker, seeks to score the largest IPO in the Asia-Pacific region for 2015. The current top IPO for the year is held by Thai telecommunications operator Jasmine International, which reached a $1.7-billion deal by for its broadband internet business.

One of Chinas largest investment banks China International Capital Corp and Switzerlands UBS AG have been helping Legend with the eventual launch of the initial public offering, the Journal said.

Legend got some attention in 2005 when Lenovo, which has been listed in Hong Kong since 1994, acquired the personal computing division of IBM for $1.25 billion in cash and stock. In the financial 2014, Lenovo reported a record 14% jump in revenue to $38.7 billion, which was broadly in line with the revenue figure that Legend generated in the prior year.

Additionally, the public listing in Hong Kong would help Legends subsidiaries, who already have world-wide reach or are aggressively expanding. Legend employs around 65 000 people, including 1865 international workers.

Following the IPO of Hong Kong Broadband Network, which last week raised $750 million, Legends floating marks the revival of Hong Kongs IPO market after the slowdown during the celebrations of Chinas Lunar New Year holiday.

However, this year is projected to be marked by several larger-than-average IPO deal from Chinas financial sector, including one of the countrys largest brokerages firms GF Securities and rival Huatai.

Lenovo lost 0.37% on Monday and closed at HKD 10.94 in Hong Kong, marking a one-year increase of 32.60%. The company is valued at HKD 121.53 billion.

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