Chongqing Rural prices IPO at HK$5.25/shr, raises $1.35bln

HONG KONG Dec 9 (Reuters) - China's Chongqing Rural Commercial Bank (3618.HK) priced its Hong Kong initial public offering at HK$5.25 per share, two sources familiar with the matter told Reuters on Thursday, raising $1.35 billion.

As the first Chinese rural lender to go public, the IPO could herald a wave of listings by China's numerous medium-sized financial groups, if market conditions allow.

Chongqing Rural had set a range of HK$4.50-6.00 to sell 2 billion shares. The joint global coordinators and joint bookrunners are Morgan Stanley (MS.N) and Nomura Holdings Inc (8604.T). (Reporting by Kelvin Soh; Editing by Chris Lewis)