Legend Holdings, the largest shareholder in computer maker Lenovo and the parent company of Legend Capital, is set to raise between $2bn and $3bn when it goes public.

China-based diversified conglomerate Legend Holdings, the parent company of corporate venturing unit Legend Capital, has filed for an initial public offering that will raise up to $3bn, IFR reported on Wednesday.

Legend plans to float in Hong Kong in the third quarter of this year, and will look to secure between $2bn and $3bn in the IPO.

Founded in 2001, Legend Capital is one of the more active China-based corporate venturing units, having backed businesses including social networking company