China Nuclear Power eyes USD2.6bn in IPO
State-owned China National Nuclear Power Co has announced plans to raise around USD2.60bn in the industry's first IPO. The listing could become the largest on the mainland since the IPO of Agricultural Bank of China in July 2010. State-owned China National Nuclear has said in a preliminary prospectus on the regulator's website that it plans to sell 3.651 billion shares, or 25% of its enlarged capital base, to fund projects and replenish working capital. |