Capital markets week ahead: Three Gorges, Allied Universal, Honest Company

摘要

I'LL BE DAMMED China Three Gorges Corporation, the operator of the world's largest dam, announces pricing on Thursday for the spin-off of its wind and solar operation. The IPO, which is expected to raise Rmb25bn (USS3.8bn), is the biggest in China this year and will provide a much-needed boost to the country's A-share market, which has seen a big decline in companies going public. It is spinning off China Three Gorges Renewables to raise funds to develop seven offshore wind farm projects. Cleaning up the country's power generation network, which is heavily reliant on coal, is a big priority for Beijing, which has pledged to be carbon-neutral by 2060. That is one reason the deal has managed to get regulatory approval earlier than other highly anticipated IPOs.