CGN Power sizzles on HK debut

World's first pure play on nuclear generation sparks investor frenzy

Shares of CGN Power Co Ltd, China's largest nuclear plant operator in terms of installed capacity, surged in their Hong Kong trading debut on Wednesday as investors rushed to cash in on the huge growth prospects for the sector.

CGN Power shares rose 25 percent to an intra-day high of HK$3.48 (45 cents) before ending the day at HK$3.31. The company, a subsidiary of China General Nuclear Power Group, issued 8.83 billion shares at HK$2.78, the top end of its price range, making it the biggest initial public offering in the last two years in Hong Kong.