Promethean perils

摘要

Aficionados of fission have had to wait nearly two decades for another public flotation of a firm operating nuclear power plants. The last one, that of British Energy, was back in 1996, and that troubled company has since been taken over. Now investors have the chance to get in on the action in the hottest place in the global nuclear business: China. China General Nuclear Power (cgn), a state-owned enterprise (soe) that is the country's largest nuclear firm, is planning to float shares on the Hong Kong stock exchange on December 10th. Market rumours suggest it will raise well over $3 billion. Dealogic, a research firm, reckons this is likely to be the biggest listing in Hong Kong as well as the largest utility ipo globally so far this year.