HKBN raises $748m in HK’s biggest IPO this year

The broadband provider prices shares at the top of the range valuing the company at HK$9 billion.

HKBN raises $748m in HK’s biggest IPO this year

HKBN is set to raise HK$5.8 billion $748 million from an initial public offering after pricing its shares at the top end of the marketed range, making it Hong Kong’s largest flotation so far this year.

Strong demand will allow investors, including private equity firm CVC, Singapore sovereign wealth fund GIC and US buyout shop Carlyle, to sell a total of 644.9 million shares at HK$9 each, the top of the indicative...

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