SHANGHAI (Reuters) - China National Nuclear Power Co Ltd (CNNPC) (601985.SS), a unit of one of the country’s two state nuclear reactor builders, on Thursday said it locked up 1.69 trillion yuan ($272.69 billion) of funds in its IPO this week.
Chinese stock investors need to put up some money to join a lottery system to buy IPO shares, freezing those funds. The amount locked up by CNNPC is the highest in seven years.
The company said in a statement published on the Shanghai Stock Exchange the final initial public offering price was 3.39 yuan per share, raising a total of 13.19 billion yuan.
Reporting by the Shanghai Newsroom; Editing by Stephen Coates