China CITIC Bank prices $5.4 bln IPO at top - source

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HONG KONG, April 20 (Reuters) - China CITIC Bank Corp. (0998.HK) raised US$5.4 billion by pricing its share sale at the top of an indicated range as investors crowded into the world's biggest initial public offering this year, a source close to the deal said on Friday.

The country's seventh-biggest bank sold 4.885 billion Hong Kong shares at HK$5.86, the top end of a range of HK$5.06 to HK$5.86 apiece. It priced 2.3 billion A shares to be listed in Shanghai at 5.80 yuan apiece, versus a range of 5.00 yuan to 5.80 yuan each.

Shares of CITIC Bank will start trading on April 27.