CGN Power secures 18 cornerstones

IPO could net the Chinese nuclear power company $3.6 billion post-shoe.

CGN Power secures 18 cornerstones

CGN Power has won commitments from 18 institutional investors ahead of its Hong Kong IPO, which may net the Chinese nuclear power company $3.6 billion post-shoe.

China’s largest nuclear energy producer set the terms for its IPO on Monday morning. Depending on where the deal prices, it could be Hong Kong’s largest IPO this year, surpassing HK Electric’s $3.1 billion flotation in January.

On offer will be 8.8 billion shares, all...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES