Hong Kong fibre operator HKBN is set to price its IPO at the upper half of its HK$8-9 range, reported Reuters citing sources familiar with the deal.
The group is due to price the listing tomorrow. It could raise just over US$860m if priced at the top of…
Hong Kong fibre operator HKBN is set to price its IPO at the upper half of its HK$8-9 range, reported Reuters citing sources familiar with the deal.
The group is due to price the listing tomorrow. It could raise just over US$860m if priced at the top of its range with a fully used over-allotment option.
Private equity firm CVC owns about 71% of HKBN, with Singapore sovereign wealth fund GIC and Carlyle’s AlpInvest Partners holding 11% and 8%, respectively.
Goldman Sachs, JP Morgan and UBS are joint global coordinators for the IPO, and Rothschild is serving as financial adviser.
