Deals
China’s IPO Frenzy Lures $273 Billion to One Stock Offering
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China’s initial public offerings are such hot commodities that a company seeking $2 billion attracted bids approaching the entire annual economic output of Hong Kong.
China National Nuclear Power Co., the country’s second-biggest atomic power operator, locked up 1.69 trillion yuan ($273 billion) in bids for its IPO, according to a company statement posted on the Shanghai Stock Exchange’s website. The offering may be the biggest in China since August 2010.