China Energy $1.96b IPO backed by cornerstones

No surprise to the market as yet another jumbo Hong Kong deal is largely pre-sold to cornerstone investors ahead of the institutional bookbuild.
A nuclear plant under construction by China Energy in Zhejiang province
A nuclear plant under construction by China Energy in Zhejiang province

China Energy Engineering is selling at least 64% of its initial public offering in Hong Kong to cornerstone investors, aping other jumbo offerings this year to help navigate an uncertain market and ensure the deal is completed.

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