CVC Capital To Exit As HKBN Nears Hong Kong IPO

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Hong Kong-based broadband service provider HKBN Ltd. is currently seeking approval from the Hong Kong Stock Exchange for an initial public offering, which would allow the company’s private equity backers including CVC Capital Partners to exit, according to a securities filing.

The filing, submitted in December 2014, did not disclose the timing or size of the float, but media reports have estimated it to be between US$500 million to US$700 million, and could be priced after the Lunar New Year in late-February.

China Money Network

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