HK Broadband kicks off pre-marketing

Terms have not been set but the IPO of HK Broadband Network could raise more than $500 million.
HKBN is the largest provider of above-fibre broadband services in Hong Kong by residential subscriptions
HKBN is the largest provider of above-fibre broadband services in Hong Kong by residential subscriptions

HK Broadband Network on Monday started pre-marketing of its planned Hong Kong IPO, which could net the company at least $500 million.

Executives will meet prospective investors in the two weeks leading up to Chinese New Year, with books scheduled to formerly open after the holidays.

There are no details as yet of an indicative price range, number of shares or an estimated valuation, with sources close to the deal noting these details will come out in the week of February 16.

The deal will consist entirely of secondary shares, with all of the proceeds from the IPO going to the...

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