The IPO was priced at HK$9 per share, at the top of the HK$8 to HK$9 marketing range, according to IFR, a Thomson Reuters publication.
CVC, GIC and AlpInvest Partners, a unit of Carlyle Group, were among HKBN shareholders offering 645 million existing shares in the IPO. HKBN, previously known as Hong Kong Broadband Network, raised no funds from the offering.
HKBN didn’t immediately reply to a Reuters request for comment on the IPO pricing. CVC, Carlyle and GIC didn’t respond to requests for comments on the IPO.
(Reporting by Fiona Lau of IFR; Writing by Elzio Barreto; Editing by Kenneth Maxwell)