CGN Power raises $3.16b in year's biggest HK IPO

China's largest pure nuclear power play attracts high demand from both retail and institutional investors.

CGN Power raises $3.16b in year's biggest HK IPO

CGN Power raised HK$24.52 billion $3.16 billion on Wednesday after pricing its initial public offering at the top, Hong Kong’s biggest IPO of the year.

The deal surpassed HK Electric’s HK$24.1 billion flotation in January but its reign could be short-lived as Dalian Wanda Commercial Properties aims to raise up to $6 billion in its own listing before year-end.

According to Dealogic, the deal is also the world's largest energy...

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