China National Nuclear Power Co plans to raise 16.3 billion yuan ($2.60 billion) in the industry's first IPO, as part of the world's biggest expansion of civilian nuclear power capacity.
The listing, if approved by the securities regulator, could be the largest in the mainland since Agricultural Bank of China in July 2010 - though Guotai Junan Securities Co could take that accolade after applying for an IPO to raise 22 billion yuan, based on Reuters calculations.
State-owned China National Nuclear said in a preliminary prospectus on the regulator's website that it plans to sell 3.651 billion shares, or 25 percent of its enlarged capital base, to fund projects and replenish working capital.
The listing would be part of the government's drive toward cleaner energy, under which it aims for installed nuclear power capacity of 58 gigawatts (GW) by 2020 from 14.6 GW in 2013, rising to 200 GW by 2030.
