IPO bonanza for Chinese nuclear power firm
(Xinhua) Updated: 2015-06-10 16:59BEIJING -- Shares of China National Nuclear Power Co Ltd (CNNP), a subsidiary of one of the country's two State-owned nuclear reactor builders, jumped by the 44-percent first-day limit as they debuted on the Shanghai stock market on Wednesday.
CNNP closed at 4.88 yuan ($0.8) per share, up 44 percent from its IPO price of 3.39 yuan. Its total market value stood at 76 billion yuan.
The company raised 13.19 billion yuan in its IPO, the biggest in China's A-share market in four years.
CNNP is a subsidiary of the China National Nuclear Corporation (CNNC), which invests in, builds and operates nuclear power plants across China. Historically, CNNC successfully developed an atomic bomb, hydrogen bomb and nuclear submarines and built the first nuclear plant in the Chinese mainland.
Chinese share closed mixed on Wednesday, with the benchmark Shanghai Composite Index down 0.15 percent to 5,106.04 points.
- China nuclear power firms merge to fuel global clout
- Nuclear power firm plans biggest mainland IPO in 5 years
- China's nuclear power capacity to reach 30m kilowatts by year end
- Fangchenggang Nuclear Power receives $306.1m border funding
- China starts building Hualong One pilot nuclear power project
- China mulls inland nuclear power plants
- China-Chile financial cooperation new springboard for bilateral collaboration
- Allianz launches Cyber and Reputation Protect to tackle emerging risks in China
- China-backed rail project part of Brazil's infrastructure program
- China 'still set for healthy growth'
- Coffee shop where Premier Li met entrepreneurs
- China's new rail giant bags first overseas deal from India
- China promises better environmental protection
- China's rail freight volume picks up
