Media reports say the shares will be offered for between A$1.80 and A$2 each.

Following the IPO, CKI will hold a 9.9% stake in the company. The remaining 51% interest in the three electricity companies will be retained by CKI and Hong Kong Electric (HKE).

CKI has hired Deutsche Bank, Citigroup and Merrill Lynch to advise on the offering, according to media reports.

Spark’s co-managers will be CKI and RREEF Infrastructure – the Deutsche Asset Management owned infrastructure investment business.

With a prospectus expected to be released this week, Spark’s IPO is of similar size and nature to the recent announcement that SP AusNet would list in Australia and Singapore with a A$1.6 billion IPO.

Betwen them, the two listings will raise almost $3.5 billion through floating electricity assets.