CGN Power Listing Taps into Expected Nuclear Sector Growth

(Hong Kong) – CGN Power Co. Ltd., China's largest nuclear power producer, raised HK$ 24.5 billion in its initial public offering in Hong Kong this month as investors expect the country's nuclear power market to grow significantly with Beijing's refreshed commitment to clean energy.

The 8.8 billion shares the company offered, which account for about 20 percent of its total, were priced at HK$ 2.78 apiece, the top end of its marketed price range of HK$ 2.43 to HK$ 2.78. The offering valued the company at HK$ 122.6 billion, which makes it the largest stock issuer in Hong Kong in the year to date.