Meiya Power raises $227m in HK IPO

The power unit of China's largest producer of nuclear energy has successfully floated its shares. Retail demand was particularly strong.

Meiya Power raises $227m in HK IPO

Meiya Power, a unit of China General Nuclear Power Corp, has raised $227 million in its Hong Kong initial public offering.

Allocations were still being finalised Thursday afternoon, but sources close to the deal said that both retail and institutional tranches were well oversubscribed. The issuer priced 1.03 billion shares, all primary, at HK$1.71 per unit, towards the top of the initial HK$1.57 to HK$1.73 per share range.

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